Lesley Hawes, of Ray White Kingsland, says: “The last three months of 2009 were remarkably good, with excellent sales numbers and results for our owners. Most of the properties had multiple offers on them and the popular theory among the media was that a recovery/boom was occurring. In my opinion, this was definitely not so. The apparent lift in the sales volume and shorter days on the market were caused, quite simply, by a lack of supply.”
This is the Ray White Market Report for Kingsland, Arch Hill and Eden Terrace
Hawes has been in real estate for 16 years and with Ray White for 12 of those. For the past six years, she has been helped by her daughter Ruth and they cover city fringe suburbs, selling about 100 properties a year priced from $200,000-plus to $2.3 million.
Hawes adds: “Naturally what has happened since Christmas is that the good news has spread; house owners have become interested in selling again because of the excellent results achieved in late-2009.
“My prediction is ‘steady as she goes’ for the next three months, with plenty of choice for buyers and still very reasonable interest rates.”