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PORT MACQUARIE UPDATE

Port Macquarie Update

The supply of properties in Port Macquarie is currently 343 vs 340 in May 2017 where as Port Macquarie & its surrounding areas is currently 617 vs 604 in May 2017. The number of properties in both Port Macquarie and its surrounding areas have gone up slightly. The enquiry level is still good from buyers except that they are slowing slight on the investors & more for the first home buyers and renovators.

The Reserve Bank has opted to leave rates on hold at the beginning of June once again. Whilst APRA (Australian Prudential Regulation Authority) is still tightening the banks up on their policies, it's forcing the banks to both tighten lending policies and increase their own rates. The market is still very active. We all expect a slowing of the market at some time but after meeting with Darryl Conroy - Senior Economist at Suncorp Bank, it's evident it is on its way but maybe not this year or even next year. It is almost certain that interest rates remain on hold for some time but there are other things being implemented to slow the Real Estate Market.

From Louise's Desk

The market continues to roll on very well. Whilst stock levels for listings coming onto the market are low, we are still getting our fair share with plenty of buyers still active and searching for their new home. Yes, properties are taking a little longer to sell but we are still setting great prices.

Did you know we currently employ 30 employees between our three office - Port Macquarie, Richmond & Penrith? Our family continues to grow!

At Wiseberry we are always looking for ways to not only improve our business but also the community as well. Further in this newsletter, I want to ask for your help. So please dig deep.

If you haven't viewed my June update, I answered the common question people ask me - "Is winter a good time to sell?". My belief is yes. We always sell just as many properties in winter as we do in any other season. At the moment in Port Macquarie, if you were to list your home you would be competing 1 in 343 properties where as in spring it could increase to 1 in 500 or 1 in 600 with everyone waiting to sell then. Plus with the first home buyers in NSW receiving free stamp duty up to $650,000, this is going to give a real burst in the market so is winter the right time to sell - I say yes.

PROPERTY OF THE MONTH
At a glance...
Suburb: PORT MACQUARIE
Heading: FIRST HOME BUYERS TAKE NOTE!
Details: 3 Bed | 1 Bath | 1 Car
Price: $505,000

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Wiseberry News

WE'RE HIRING
We have positions available for experienced and non experienced individuals who have a passion for Real Estate and want to be a part of our successful team.
We are looking for:
- Sales Assistants
- Sales Specialists
If you're interested in a career change, email your resume to chrisdickinson@wiseberry.com.au
For Sellers & For Buyers
Wiseberry advancing in technology and marketing. Let our apps do the hard work & find your dream home for you! Contact us on 6583 1699 to find out more...

WE NEED YOUR HELP
The Wiseberry Charity Foundation are holding a Charity Dinner and Auction on Friday, 25 August 2017 at Castle Hill RSL.

If anyone has anything they would like to donate for the Raffle or to be Auctioned off can you please contact Chris on 6583 1699 or chrisdickinson@wiseberry.com.au.

We will be raising funds for Bobbi Jo, Tristan, Nicole & Reagan and Hank & Billy.

For More Information

Wiseberry Foundation
Don't forget to like the Wiseberry Foundation Facebook page to keep up to date with our Charity Event.Click Here
Easy slow-cooker lasagne
Combine mince, bolognese pasta sauce, and cheese to make this super-simple slow-cooker lasagne.Get Recipe
Community News
* Timbertown Annual Steam Fair
Saturday, July 1st
2325 Oxley Highway, Wauchope

* The Foreshore Markets
Saturday, July 8th
Westport Park, Port Macquarie

* Riverwalk Markets
Sunday, July 16th
Bruce Porter Reserve, Laurieton

* Blues & BBQ Festival
Saturday, September 9
BOOK YOUR TEAM IN NOW
http://www.bluesandbbq.com.au/
Recent DA approvals
* 17 Majestic Dr, Port Macquarie
Dwelling

* 19 Mcintyre Cl, Port Macquarie
Dwelling and Pool

* 5 Saffron Av, Yippin Creek
Driveway Crossover

* 129 Granite St, Port Macquarie
Garage and Retaining WallRead More

HOLIDAY ACCOMMODATION
At a glance...
Suburb: PORT MACQUARIE
Heading: Stunning Unit Opposite Town Beach
Details: 3 Bed | 2 Bath | 1 Car
Price: $1000 - $3000 per week

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Wiseberry Port Macquarie

(02) 6583 1699 - port@wiseberry.com.au

65 Horton Street, PORT MACQUARIE, NSW

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© 2015 Wiseberry Realestate

If you are already listed with another agency, please disregard this communication. Otherwise, visit wiseberry.com.au/appraisal to request your property appraisal
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