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Market Update

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Last Updated: 04/07/2013  

Still demand outstrips supply and prices have risen accordingly.  Period properties, Victorian, Edwardian and 1930's are benefitting from multiple offers within a very short period of time, often at the asking price or more.

First time buyers are back on the scene, some with government assisted loans on new homes but the majority with 10% deposit and mortgages with rates of approximately 4%.

Interest rates for buyers with larger deposits say 40% can benefit from rates starting at 1.89%

The rental market is currently at its seasonal high point.  Rents have consistently risen over the last couple of years but are now solid and stable but with excellent yields of around 5%, more than you will achieve in a banks deposit scheme!

Certainly, now is a good time to sell or let a property and it looks set to continue that way for some time.

If you need any property advice contact myself or any of our offices.

Sean Purtill - Managing Director