In the worst of the GFC prices came off 20 per cent but we are seeing a recovery

I was quoted in the paper on the weekend in an article canvassing opinion on the Spring market for apartments.

In a double-page article the main view expressed was that it’s a sellers market. The surprising announcement last week that interest rates were on hold, the shortage of desirable houses and apartments available, together with the numerous government incentives to assist home buyers all reflect a strong market. (see my Blog from last week)

But an important point to remember, that was also highlighted in the piece, (SMH Domain Oct 9-10 ‘Pick wisely this spring’) is the need to be strategic whenever buying and selling real estate which should never be considered a ‘sure thing’.

Yes I believe the future does look good for premium properties.  As I was quoted….“In the worst of the GFC prices came off 20 per cent but we are seeing a recovery.  If you have an apartment at $500,000 it’s like a zoo and anything up to $1 million is fine..even $1,000,000 to $1.3 million is pretty buoyant. But anything above that it’s been soft, until the last week.’

Once you hit that premium price bracket it becomes a specialist market that requires a specialist team to help achieve the right sale outcome.  Morton & Morton has the experience, the right contacts and the track record in managing successful sales of prestige harbourfront properties.