Anyone listening to the news these days about how our economy is going may find it confusing; so much so that it’s now like trying to wade through a minefield of information. Varying interest rates, global financial crises, entitlements available through various government schemes like the first home buyers scheme, political dramas both state and federal as well as job security and so many others. These are uncertain times.
As far as Real Estate is concerned, we are constantly asking ourselves these questions:
• Which way is the market heading?
• Should I buy now or hold off till things settle down?
The latest news is very encouraging, suggesting that the Sydney market is firing, which usually indicates that the more progressive regional areas of NSW will soon follow.
Judging by the amount of real estate activity in the Coffs Harbour area, the market has been progressing full steam ahead!
Most agents operating in the Coffs Harbour and Woolgoolga areas are reporting excellent and consistent pre and post Christmas results; influenced by the very steady out of town inquiry.
Rural properties have maintained growth in sales which has now placed listings of quality properties in short supply. The competition for property has begun to heat up and so prices will inevitably rise says one leading rural marketing agent.
The amount of development on the drawing board comprising of new home sites, commercial, industrial and rural subdivisions is unprecedented in the Coffs Harbour region.
Major land releases will cater for the huge population growth envisaged for the northern areas of the City as well as the release of further strategic rural residential estates in satellite townships; including Coramba, Nana Glen and Glenreagh.