Range Property Market Alive and Well
Despite the economic doom and gloom promoted so readily by both Government and the media, the property market is still alive and well.
It’s reassuring to see so many people ignoring the pessimists and securing their future through property.
Thanks at least to one government initiative this continuing interest is partly driven by the first home owner’s grant which in December alone accounted for 14,154 contracts Australia wide – a 21% increase over the month previously.
Whilst the majority of those sales are in the lower end of the market and occurring off Range, this sales activity inevitably flows through to all areas of the property market.
Low interest rates are also providing a huge incentive to those with the capacity to service borrowings and those who know that well placed property is always a sound and safe investment.
Agencies dealing in the commercial area of real estate are actually seeing a marked increase in the sale and leasing of commercial property.
In Montville, with nearly 100 businesses, there are almost always three to four shops to lease at any time and this had risen to 9 vacancies at the beginning of February.
On a positive note, less than four weeks later five are leased, or are in the process of being leased, with further inquiry still to be satisfied.
Yet another sign that not everybody is in the economic doldrums.
We are however going to see the usual slow down in investment thinking that historically accompanies the lead up to state and federal elections, but life goes on regardless, and it’s still a great time to buy, lease or research future purchases.
As the saying goes “When the going gets tough, the tough get going”.
Montville Real Estate 200 Main St Montville Phone 5478 5478
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