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Fletchers Diamond Valley – Market Update

October 16th 2014

Have you seen the latest Market Update from Fletchers Diamond Valley?

Join Director and Auctioneer Nathan Foley and Senior Property Consultant Craig Maskell for the October edition of the Diamond Valley market update, where you can catch up on market news, recent sales and much more!

Fletchers Announce New Gold Coast Office

September 10th 2014

Fletchers Announce New Gold Coast Office

Fletchers, last year’s Australian Large Real Estate Agency of the Year, has announced the opening of another Gold Coast office.

Fletchers Broadwater will open this month in Stevens St Southport, between the Broadwater and popular Chirn Park Shopping Village.

Managing Director of Fletchers Queensland, Christopher Stear, said the location had been chosen to capitalise on what he described as “the stunning future of the area”.

“Commonwealth Games facilities, rebirth of the Southport business district, Chinatown, the light rail, University Hospital, the Broadwater Parklands and all adjacent to one of the world’s finest aquatic playgrounds– it’s a great story that impacts enormously on local property and Fletchers will be right in the thick of it,” he commented.

“For the last six months we have been testing the market in Southport and surrounding suburbs. We have quickly developed a local following and have made a significant number of sales,” he said.

Mr Stear said that since Victorian based Fletchers had opened their first Gold Coast office three years ago, the local operation has enjoyed strong year-on-year increases in sales and property management revenues.

“We opened in what was probably the worst local market in 30 or 40 years but our training, systems and head office support coupled with the dedication of our 100 per cent Gold Coast team has seen a pleasing increase in market share.”

“We intend to continue our carefully managed, strategic approach to expanding the Fletchers brand in Queensland,” he added.

Mr Stear said he welcomed inquiries from both agency owners and sales professionals interested in benefitting from one of Australia’s most respected and long-standing real estate brands.

Info:    Christopher Stear, Managing Director, Fletchers Queensland 
             m: 0412997000        e: christopher.stear@fletchers.net.au

Diamond Valley Winter Market Update

August 20th 2014

Have you seen the latest Market Update fromFletchers Diamond Valley?

Join Nathan Foley and Prue Wittison for the June edition of their market update, where you can catch up on market news, recent sales and much more!

Interest rates to remain at 60 year low

August 5th 2014

At its August meeting today, the Reserve Bank has decided to keep the cash rate on hold at 2.5 per cent for the twelfth consecutive month, continuing with its steady approach to monetary policy.

Growth in the global economy is continuing at a moderate rate and financial conditions in Australia remain accommodative. While the cash rate has remained at its 60 year low over the past year, interest rates have continued to fall, with the major banks cutting fixed rates to below 5 per cent. A strong expansion in housing construction, combined with a robust winter property market has continued the steady increase in home values across the country. Melbourne has experienced a 16.7 per cent increase in home values, with a median house price of $658,000 recorded by the REIV in the June quarter.

Growth in wages is expected to remain at modest levels, which should keep inflation within the economic goal of 2-3 per cent for the coming two years.

Reserve Bank Governor, Glenn Stevens, reports that continued accommodative monetary policy should provide support to demand and help growth to strengthen over time. He considers that present indicators suggest stability in interest rates is the most prudent way to foster growth.

Overall, long-term interest rates and risk spreads remain low, indicating a continued period of growth in consumer demand. Banks continue to be well placed to provide funding to credit-worthy borrowers, making it an ideal time to grow your property portfolio.