Real EstateCollaroyelderscollaroy.com.au

Issue 1 2013

Quarterly Property Report

Elders Real Estate Collaroy1129 Pittwater Road Collaroyp. (02) 9981 2133f. (02) 9981 2478

After a robust start to the property year, experts say it is no surprise that the Reserve Bank kept the cash rate steady at 3 per cent.

Australian Property Monitors senior economist Andrew Wilson went further to say those waiting on further rate cuts this year might be disappointed.

If the economy starts to move forward reasonably well this year, notwithstanding what happens in housing, I do think the potential

direction for the next movement in interest rates is up, he said.The evidence is certainly mounting that there has been a pick-up in the

housing market.RP Datas research director Tim Lawless also said the housing market

had begun to respond to the cuts of 175 basis points during the past 16 months.

It has taken the housing market longer than normal to respond to such low mortgage rates. However, it would be reasonable to assume that

the RBA would be fairly comfortable with the housing market outcome to date, he said.

APM figures show auction clearance rates in Sydney and Melbourne have returned to 2010 peak levels....

Toby JohnstoneDomain columnist

March 5, 2013

No surprises in the Reserve's decision

6 mistakes home sellers make1. Constantly reducing the price, little by little2. Hiring the agent charging the least commission3. Waiting for the market to improve4. Listing before your propertys dressed5. Dismissing the first offer6. Agreeing to too many stringsFor more tips for selling your property visit realestate.com.au

The Property Market

The Elders Office

Dave Bliss0418 699 252 | davebliss@elderscollaroy.com.

As the market is showing signs of improvement, you may be starting to think the options that your property provides. Should you sell, stay, renovate, re-

build...? With the phenomenon like Channel 9s The Block smashing televi-sion ratings, you may think that a renovation or rebuild is a good idea. After the success of the previous series, the actual cost of each apart-

ment featured on The Block was looked into. Some outsiders were able to calculate the estimated costs to purchase, renovate and sell each of the properties and estimated that each property actually cost Channel 9 up

to $1 Million. This money was obviously re-couped through advertising and media, however, many keen viewers who have b een inspired to do the

same quickly find out the in the real world with real money, this may not be a feasible investment.

If you are considering your property options, talk to your local real estate professional as that can provide you with information on your options.

Through research they will be able to show you your properties current worth, and if renovations are feasible.

Dave BlissElders Sales ConsultantMarch 6, 2013 - 2:32PM

After a huge response at the first open for inspection, 2 Parkes Road, Collaroy went to auction on the 6th March. With over 60 groups through the first inspection alone the property tallied, over ?contracts requested, ?? registered bidders and resulted in a sale ??????? over the reserve.

Huge Attendance at Collaroy Auction

Collaroy

Dee Why

Wheeler Heights Long Reef

Collaroy Plateau

Collaroy Beach

North Curl Curl

Narraweena

Dee Why Beach

Cromer Heights

Cromer

Wingala

Narrabeen North Narrabeen

Ingleside

Elanora Heights

Narrabeen Peninsula

2097

2099

2101

66 Stella StreetCollaroy Plateau

$1,256,00066 Stella StreetCollaroy Plateau

$1,256,000

66 Stella StreetCollaroy Plateau

$1,256,000

66 Stella StreetCollaroy Plateau

$1,256,00066 Stella StreetCollaroy Plateau

$1,256,000

66 Stella StreetCollaroy Plateau

$1,256,000

66 Stella StreetCollaroy Plateau

SOLD $1,256,000

2 2 2

2 2 2

2 2 2

2 2 2

2 2 2

2 2 2

2 2 2

66 Stella StreetCollaroy Plateau

$1,256,00066 Stella StreetCollaroy Plateau

$1,256,000

66 Stella StreetCollaroy Plateau

$1,256,00066 Stella StreetCollaroy Plateau

$1,256,0002 2 2

2 2 2

2 2 2

2 2 2

66 Stella StreetCollaroy Plateau

$1,256,00066 Stella StreetCollaroy Plateau

$1,256,000

66 Stella StreetCollaroy Plateau

SOLD $1,256,000

2 2 2

2 2 2

2 2 2

66 Stella StreetCollaroy Plateau

$1,256,00066 Stella StreetCollaroy Plateau

$1,256,000

66 Stella StreetCollaroy Plateau

$1,256,000

66 Stella StreetCollaroy Plateau

$1,256,00066 Stella StreetCollaroy Plateau

$1,256,000

66 Stella StreetCollaroy Plateau

$1,256,000

66 Stella StreetCollaroy Plateau

SOLD $1,256,000

2 2 2

2 2 2

2 2 2

2 2 2

2 2 2

2 2 2

2 2 2