Blogs

Q1 Report - Rates Are Rising, But the Market Isn’t Slowing...

General Update:

The Reserve Bank increased its cash rate to 4.1% in March, however, the housing market remains well positioned to absorb higher interest rates this autumn.

In our blog, “Rates rise but property market well-placed to handle the strain,” Raine & Horne is seeing strong underlying conditions across its national network, with robust buyer activity meeting an increase in listings.

Open-for-inspection attendances remain up month-on-month nationally, supported in part by incentives such as the 5% Deposit Scheme, which continues to underpin first-home buyer demand.

On the supply side, listings are also trending higher, while a resilient labour market continues to support overall housing demand.

If you’ve decided to list a property, preparing it for sale in autumn is much the same as at other times of the year. However, as we note in our blog, “Does selling in autumn change how I should present my home?”, presentation remains critical.

Sparkling-clean windows can help maximise natural light and enhance a property's overall appearance, making professional window cleaning a worthwhile investment.

As the days grow shorter, it’s also important to make the most of available daylight by opening curtains and blinds, while ensuring interior lighting creates a warm, inviting atmosphere.

Decluttering remains essential year-round. Removing excess furniture and personal items helps create a sense of space, allowing buyers to better visualise themselves living in the home.

Our Quarterly Performance:

Total sales: 28 (market average = 7)

Buyer groups through inspections: 2,464 (that's over 200 buyers per week)

Total sales volume: $60,553,500

Average sale price: $2,185,000 (market average = $1,700,000)

Highest sale price: $3,800,000 (2 Yarran Close, Mona Vale)

Median days on market: 22 (market average = 25)

Total leased: 23 (market average = 5)

Rental enquiries on REA: 541 (market average = 180)

Rental applications: 98 (market averge = 39)

Average days on market: 26

​​​​​​​If you’re considering a real estate sale this autumn, your Northern Beaches expert sales agents are ready to help at Raine & Horne Northern Beaches.