Property Market Update – with Leigh Martinuzzi 05.05.2015

The RBA have announced a further interest rate cut after meeting today of another .25 basis points. This is certainly great news and is sure to stimulate out local market. This should be welcoming news for both buyers and sellers.

If you in Sydney then look out as Sydney’s market is already rather hot this will only bring in some more heat. Perhaps the only market that may have prevented them from another cut. 

Locally we have seen approximately 14 sales in the last month. Still the market is very stagnant with fewer properties for sale as we are typically use to at this time of the year. This is meaning, in general, properties are not sitting on the market as long.

Properties listed for sale in the last week for the respective suburbs are as follows:

Ormeau: 7

Ormeau Hills: 0

Jacobs Well and Cabbage Tree Point: 2

This Weeks Top Tip

We live in a digital age and when first impressions count its important to get your digital strategy perfect.

An image of a property always creates more interest than text. As the old saying goes, “A picture paints a thousand words”

We also know that to market on television is much more expensive than print and radio and that is simply because it is more effective.

Video is 1000 pictures so the benefits of using both great photos and video will certainly generate much great excitement generating more interest on the property, bringing more people to the home and raising the emotional response from the buyers.

It still shocks me however that many agents still cannot get this right. They take photos themselves or use amateur photographers and the images look terrible.

Do yourself a favour and do it right. It could mean thousands more in your back pocket.