Ray White Cronulla Q3 Property Report Cronulla Homes

Cronulla Homes
Market Report

Third Quarter July
- September 2019

HOMES

T (02) 9523 3383 M 0439 586 707 raywhitecronulla.com

A Level 1, 45 Gerrale Street, Cronulla, New South Wales 2230, Australia

Highest Sale Cronulla Homes
Market Insights
$2,520,000
Ath message from Matthew
Lowest Sale
With the recent interest rate cuts by the Reserve Bank, APRA
$1,416,000 loosening their restrictions on investor lending and easier access to
home loan funding there has been an increase in buyer confidence
Average Sale with positive growth in property values over the last quarter.
Our sales agents are experiencing first hand that buyer inspections
$1,787,000 have almost doubled, auction clearance rates are back over 80% and
a sense of urgency from buyers keen to a secure home.
Number of Sales It is a great time to re-assess your next property plans and whether
15 now is the right time to move.
Please feel free to get in touch if you have any questions on the
raywhitecronulla.com current market or if we can assist with your upcoming property plans.

A message from our broker

Rates Down
Before June this year, the Reserve Bank hadn’t moved on rates since 2016. In
the last month of the financial year, the central bank dropped the cash rate
from 1.5 per cent to a historic new low of 1.25 per cent. before following up in
July with another cut, taking the cash rate to 1.00 per cent. And now with the
most recent cut, the cash rate sits at 0.75 per cent.

Low Loans
In July, the big four banks rates were around 4.9 per cent. Today some of
the sharpest available rates are around three percent, albeit mostly from
smaller lenders. The general consensus within the industry, and backed by
Ms Morris, seems to be that "banks are themselves expecting that the cash
rate is more likely to be going lower over the next three to five years, than
higher”.
As a result, we’re enjoying greater competition over rates, so if you have a
loan that is a few years old, it may be prudent to consider refinancing it -
undoubtedly a smart move in this environment.

Finance Broker Amanda Wardrop-Baross

E [email protected]
M 0412 023 807

Our top picks

118 Ewos Parade, Cronulla $6$,23,50200,0,00000 28/09/2019

Home :5 BED | 2 BATH | 3 CAR $2,500,000 27/09/2019

27 John Street, Cronulla $2,175,000 19/09/2019

House :5 BED | 3 BATH | 2 CAR $1,416,000 08/09/2019

17 Links Avenue, Cronulla $1,575,000 03/09/2019

House :5 BED | 3 BATH | 3 CAR $1,930,000 17/08/2019

11 Franklin Road, Cronulla $1,550,000 25/07/2019

House :4 BED | 1 BATH | 1 CAR $2,220,000 20/07/2019

21 High Street, Cronulla

House :3 BED | 1 BATH | 3 CAR

126 Nicholson Parade, Cronulla

House : 3 BED | 2 BATH | 2 CAR

36 Burraneer Bay Road, Cronulla

House :3 BED | 2 BATH | 3 CAR

19 Jphn Street, Cronulla

House :5 BED | 3 BATH | 1 CAR

raywhitecronulla.com

Put your trust in us

Matthew Johnston Testimonials

Matthew Johnston 0439 586 707 Matthew and his team were a pleasure to
Managing Director [email protected] deal with! They were able to sell our unit in
a struggling market at a price we were more
than happy with. I love the young and bubbly
@mattjohnstonproperty attitude they bring to the real estate industry
whilst still holding knowledge well beyond
their years. Will definitely use them again in
the future!

Having commenced his career in the Matthew understands that strong - Jay
Real Estate industry nearly a decade communication and absolute
ago, Matthew Johnston is a Licensed transparency with his clients are As a real estate agent I found Matthew to
Real Estate Agent with a wealth of essential throughout the entire sales be extremely competent and knowledge-
experience in all aspects of real estate process. able with a real care in attaining the most
including Residential, Commercial and favorable outcome for me as the vendor.
Development sales. By combining straightforward property He was very easy to communicate with and
advice with comprehensive service always listening to my concerns and issues
Matthew has an exhaustive knowledge and attention to the smallest details, with respect and understanding. Certainly
of the Sutherland Shire and as a lifelong he delivers outstanding results for his recommend Matthew and his staff at Ray
resident in the Burraneer peninsular, clients each and every time. White, Cronulla.
Matthew has a talent for creating
long-term relationships with his clients. - Kim
“Buying or selling a property is a life
changing experience, one that I take very No effort was spared! I found Matthew John-
seriously”. ston to be very dedicated to achieving the
best outcome for me. No effort was spared.
He had a very professional approach. I would
recommend him to anyone who wanted 150%
effort with good results! Thank you very
much.

- Carmel
“

raywhitecronulla.com