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We are excited to be running a 12 Day Christmas Giveaway on our socials here at Elders Picton. From the1st to the 12th of December we are giving away a prize a day, on day 12 we will bed giving away a major prize valued at $200! Any entries over the 11 days go into the draw for the major prize.

Follow our socials and get involved for your chance to win. Check out our Instagram and Facebook.

What rising interest rates might mean for the market?

Over the last 12 months buyers and sellers have experienced quite a competitive market, with prices in Sydney increasing over 26.7% since the start of the Covid-19 pandemic. Many buyers, I’m sure, won’t be disappointed about the settling market.

The RBA announced a new cash rate of 0.35% last Tuesday with an increase of .25% compared to the 0.10% cash rate that has been held over the last 10 years. Whilst this is a drastic jump, what does it mean for the market?

It is likely that a greater supply of listings to the market will give buyers greater choice and it will be important for owners and their agents to closely monitor the increasing competition to make sure a buyer is secured.

We may start to see prices settle, and less out of the ordinary crazy results, due to there being less demand for houses.

However, although the market may settle, the housing market is still holding strong and buyers are still making good offers. The key thing for vendors in the future months is considering these offers early, because they may be some of the best ones.

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Jaimie Blackmore and Geoff Eagles, 10th May 2022