A RECORD LOW & A RECORD HIGH

Well someone was in the know last week and rumours were confirmed with the RBA cutting interest rates to a record low at 2.0%. Borrowing has never been cheaper and the property market is looking to stay strong through Autumn and Winter at least.

At the other end of the spectrum, openhomeonline has achieved a record high sale price for Dowle street this week – well into the 600,000’s. Many of our sales have been in the 600,000’s, and at close to three quarters of a million dollars for a single residential home, the sales team have recorded the highest residential price in Bellingen!

We hear some agents say that selling in a short timeframe usually means that the result achieved is sub standard….is it better to wait several months? The longer a property sits on the market, the more ‘stale’ it becomes. We have received calls from vendors who have had their property on the market for not months, but years! This makes no sense to us and it shows that the property has not been marketed well and is most likely incorrectly priced.

The late Bellingen icon Carl J. Foster left behind his legacy – a man and his tow truck available 24 hours a day.  He also left behind a large parcel of land behind Endeavour Drive and Hill Street – and we have just listed it. There is 185 rural zoned acres with one building entitlement, two dams, some beautiful trees and a few excellent house sites capturing the best northerly views in Bellingen of the escarpment. Contact openhomeonline if you are interested or know of someone who may be. It’s a very rare opportunity.

This weekend the 134 year old Bellingen show begins. The weather is looking fantastic. Come and support the community…a great event which includes rides for the kids, horse events in the arena, poultry and local produce displays, artwork, petting zoo, dog show, woodcutting and the grand parade. See you there!

Regards, the team at openhomeonline.