Thump Thump Thump

GOOD NEWS FULL OFFICIAL DATA CLICK HERE

Record August growth in home values despite first home buyer demand winding back.

Capital city dwelling values – first eight months of 2009
•Sydney values up 8.6% to $546,867
•Melbourne values up 11.6% to $467,280
•Brisbane values up 5.2% to $443,197
•Adelaide values up 3.1% to $ 407,227

National property values jumped by almost 2 per cent in August in the largest monthly movement since the
RP Data‐Rismark Home Value Indices began in January 2005

According to rpdata.com research director, Tim Lawless, the August results
surprised on the upside and are indicative of very high levels of buyer
confidence combined with low levels of listings.

“These buoyant conditions sit in striking contrast to the same time last year
when values were falling, less than half of the auctions held cleared.

GOOD NEWS FULL OFFICIAL DATA CLICK HERE

Selling? Choose an award winning Agency – The Novak Agency – DeeWhy

Good news !!! Going up?

Business confidence recorded solid gains in the first quarter of 2009, but growth in 1Q09 appears to have been weak, with actual conditions deteriorating further.

Confidence improved by 7 points to -24, while conditions fell by 4 points to -20. The decline in conditions was once again consistent across the components, with trading (down 10 points to -20), profitability (down 5 points to -21) and employment (down 9 points to -25) all recording declines.

The survey provides a grim outlook on the prospects for the labour market, with only 5% of firms reporting any difficulty in finding suitable labour — compared to 30% a year ago.

THE NOVAK AGENCY FINALISTS FOR NATIONAL REAL ESTATE AWARDS

Well we were kind of chuffed that we made it this far!

As first timers entering into the REIA (Real Estate Industry of Australia) National Awards for Excellence, we were naturally feeling a little special making it through to the national finals for the Communications Awards.

Having taken out the state award, we were grinning from ear to ear when we were asked to submit for the national awards!

We didn’t take out the award this year however look out for 2010! We must say though we felt pretty pleased with ourselves making it as far as we did!

Thank you REIA, we felt priviledged to be sitting amongst some of the best in the industry and what a fabulous night! See you next year.

Read The Manly Daily article published 20/4/09 http://www.thenovakagency.com/theGoss.shtml

SUPERSIZE ME! THERE’S NEVER BEEN A BETTER TIME TO UPSIZE YOUR PROPERTY…ESPECIALLY ON THE NORTHERN BEACHES

SUPER SIZE!!!…..Famous words for those of us who are fortunate enough to dine at McDonalds. These words were also made famous by independant film maker Morgan Spurlock who made millions of dollars with his film “Supersize me” where he limits himself to only eating McDonalds over a 30 day period and had to supersize his meal each and every time he was asked.

For those that have had the pleasure of dining at McDonalds, we know that there is great value in supersizing or upsizing our meal(apart from the extra kg’s we add to our waistlines). Generally we’ll only have to part with a dollar or so for the pleasure!

Surprisingly enough this exercise rings true right here, right now with the Sydney property market.

As crazy as it sounds now has never been a better time to supersize your home especially on the Northern Beaches. Let’s look at it this way. The lower end of the property market, say up to the $500 000 mark is on the move right. For those of you sitting on property in this price bracket, you’re laughing. Lower end home owners…..it’s a great time for you to sell up, cash up and supersize your home especially for those of you living in Dee Why, Collaroy, Freshwater and the surrounding suburbs. Upgrading from the lower price bracket to the medium price bracket is very achievable right now as the middle price bracket has remained stagnant and therefore the jump from say a $500 000 unit to a $750 000 townhouse is now VERY feasible.

Surprisingly the same tune rings true for those supersizing your homes from the middle range price bracket to the high end range of living. Luxury housing in Sydney has actually dropped over the past six months making it therefore much more attainable for the medium level home owners to upgrade their homes with a relatively small (if any) jump in mortgage repayments.

Another fabulous reason to supersize your home right now is to of course to take full advantage of the 60 year all time low interest rates now sitting around 5%.

The market will certainly not stay this way forever. Now is an opportune time to take advantage of a fantastic market and utilise the opportunity to supersize your standard of living today and live in that home you always dreamed of.

We have your home.

Call us on 1300 4 NOVAK or 8978 6888.

24/7.

We never sleep.

THE NOVAK AGENCY – YOUR “SUPERSIZE ME” SPECIALISTS LOCATED ON THE NORTHERN BEACHES OF SYDNEY.

For more info go to www.thenovakagency.com

RENTS SOAR AS HOUSING CRISIS WORSENS

New homes … more new homes will be built in Adelaide than in Sydney this year, data shows / AP
More homes to be built in Adelaide, Melbourne
Sydney in lowest rate of growth in 50 years
Rents tipped to soar across the nation
MORE homes will be built in Adelaide than in Sydney in 2009, proof that the housing crisis engulfing the nation’s biggest city is reaching alarming proportions.

Figures obtained by The Daily Telegraph show an estimated 7300 new dwellings will be built in Sydney this year, the lowest rate of growth in more than 50 years and roughly a third of the homes built in 2003.