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Ray White Cheltenham

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  • 2018/2019 - Premier Business Leader

The year of 2020 is expected to be a positive year for the real estate market, with a strong finish to 2019 and many key indicators showing strong growth for the twelve months ahead.

The back end of 2019 showed very positive signs with auction clearance rates soaring, and more importantly many auctions selling well over reserve, a sight we havent seen since 2017/18. The biggest resurgence was in the first home buyers market with properties in the $600,000’s and early $700,000’s showing the greatest levels of interest. This was boosted by the government grants for first home buyers and we expect that the market will remain strong in this area in 2020. Of course other factors such as low interest rates, low unemployment, consumer confidence and positive media coverage will all play a part too. Overall the outlook for the real estate market in 2020 looks very positive.

Of course none of us know the answers in advance but I can promise that the team at Ray White Cheltenham will continue to offer the highest level of service, will continue to go the extra mile for their clients and will continue to achieve outstanding results in the marketplace.

Cheltenham has enjoyed great activity and growth in value in recent years and we have seen a change in scenery with recent zoning changes and some major developments now changing the skyline. The much anticipated Cheltenham station development and the recent Southland train station development have added even more transportation options in the area.

One thing that doesn’t change though is the heart and soul of Cheltenham and the high demand by buyers. It’s an area that offers so much to families and with an abundance of schools, shops, transport and beach activities and it will continue to be so. We recommend the area to you and look forward to being of assistance to you in 2020.

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