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report Oatley

Considering selling?

Greg White 8070 7706 0423 009 006 gwhite@gavanproperty.com.au

As I specialise in your area, please call me personally if you’ve been considering selling or would even just like to know what your home is worth. For more information visit us on gavanproperty.com.au

Oatley

recently

SOLD

.com.au gavanproperty

SOLD

3 Macken Street

SOLD

16 Oatley Park Avenue

SOLD

1 Annette Street

SOLD

24 Herbert Street

SOLD

5 Asquith Street

SOLD

56 Llewellyn Street

SOLD

6 / 91 Mulga Road

SOLD

89 Myall Street

Disclaimer: All information contained herein is from various sources that we believe to be correct although we cannot warrant the accuracy. We suggest any interested parties to make their own enquiries. Sales information relates to sales by Gavan Property, jointly in association with other agencies or exclusively by other agencies.


Oatley

market views  We have already seen the positive effects on the property market of the lowest interest rates in over a decade. Combining this with the strength in the Australian economy, recent certainty of the Australian Government and the Spring Season, we expect the next few months to be the strongest for the property market in recent years. Recent research from RP Data and Rismark confirms this encouraging trend. It shows that house values have continued to rise again in July this year. The housing market experiences very positive conditions in Sydney and Perth with residential values in Sydney now 3.7 per cent higher over the past months from May to July. After the Australian real estate market suffered from a major drop in prices in May 2012, the current rises in value are highly welcomed, and have helped the market to recover by 6.5 per cent since its decline.

207

properties sold this year

Highest sales price:

$3,388,000

Median sales price:

$860,000

Top 5 sales this year* ADDRESS

SALES PRICE

SALES MONTH

82 Marine Drive, Oatley

$3,388,000

January 2013

2A Algernon Street, Oatley

$2,800,000

December 2012

28A Algernon Street, Oatley

$2,710,000

December 2012

112 Myall Street, Oatley

$2,350,000

October 2012

52 Russell Street, Oatley

$2,275,000

August 2012

Sydney remains the most sought after and yes, also the most expensive city in Australia with a median dwelling price of $ 570,000. All indicators are that, with the recent growth in the property market and the alignment of a number of influencing factors, now is the optimum time to realise the maximum value in selling your real estate. Increasing buyer demand has been apparent in recent sales due to the fact that properties are spending less time on the market for sale. A typical capital city dwelling is selling in only 45 days compared to 59 days last year. Sellers are no longer heavily discounting their prices and auction clearance rates remain very high around 80 per cent in Sydney compared with around 55-60 per cent a year ago.

gavanproperty.com.au

Your area specialist

Yours sincerely,

Greg White 8070 7706 0423 009 006 gwhite@gavanproperty.com.au

Daniel Gavan Managing Director

We’ll

ü Higher rents $$ ü Quality tenants ü Minimal vacancy Call us today on 9547 1000

protect

your rental property

ent fee m e g a n a 0% m months. 3 t s ir f for your free r o f s u Try trings. s o n , k no ris

*Disclaimer: All information contained herein is from various sources that we believe to be correct although we cannot warrant the accuracy. We suggest any interested parties to make their own enquiries. Sales information relates to sales by Gavan Property, jointly in association with other agencies or exclusively by other agencies.


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