Ray White Chatswood – November/December 2012 Market Wrap-up

By Robert McElhone

The last two months of 2012 saw the number of properties on the market in the Chatswood district at their lowest levels in 10 years.

We continued to experience strong buyer enquiry, and the lower interest rates were a real plus.

Local auction clearance rates were lower, with buyers purchasing three to four weeks after the Auction date.

While our office was officially closed over the Christmas/New Year break, there was still plenty of buyer enquiry. Happily, we secured the sale of 15 Harris Street, Willoughby in the first week of January.

Uncertainty in the job market is more than likely still making potential sellers stay where they are, rather than upgrading and taking on a new or bigger mortgage. People appear to be minimising risk.

Chatswood continued to have good investment buyer activity.

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