It’s been a devastating start to the year for Queensland, with the floods and tropical cyclone Yasi tearing through parts of Queensland that had only just recovered from cyclone Larry. I am very sad that this has happened and our thoughts are with all of those affected.
The Runaway Bay Group acted as a collection agency for the Premiers Flood Relief Appeal and it was so nice to see the community come together by donating items of food and even specially purchased personal effects from the local pharmacy were donated to the appeal.
Many people have asked us how the floods have affected the real estate market locally, and to be honest, we have felt a significant demand in rental enquiry, but our sales figures still have the same momentum that they have had in previous years.
In other news it’s great to hear that reserve bank decided not to increase the interest rate. The current trend we are seeing at present is that there is plenty of enquiries, but price wise, buyers are being very cautious. Banks are being difficult and the lending criteria seems to have become tighter, banks are not funding the way they use to – so if you price your house well where the market is, it will sell and if you are buying in the same market then obviously you will buy for less also.
I would like to take this opportunity to invite you to our February Auctions, to be held on Sunday 27th February at The Sheraton Mirage, Main Beach. Thank you to all of our friends and clients for your continued support and business. We wish you all the best this year, in health, wealth and happiness and please know that we are here for any real estate service that you may need.
– Ali Mian