Well you can tell daylight saving time must be drawing to an end, the mornings are that little bit darker and it is just that little bit harder to get started for the day!!!

Sales activity in the area has been subdued of recent months. Prices seem to be holding but definitely sales are slower and it will be interesting to see how this translates. One of the issues we perhaps have to look at, is the future projections for growth in our region. Some reports are that we will require an additional 17,000 houses over the next 30 years. When you consider that current house numbers are approx. 21,000 this gives some indication of the likely growth going forward. Population growth going forward is expected in excess of 50,000 30 year out; that is permanent population only not adding in visitor numbers. I believe the biggest issue we have to look at is how our infrastructure, roading, schooling, community services etc can cater for this growth.

We continue to see positions being taken in the interest rate space, current specials seem to relate to the 2-year rate with a number of lenders setting 3.99 as a benchmark. If you have fixed interest rates coming due or you are currently sitting on variable rate, give us a call to discuss, there are some great options available form all lenders, some just require some slight arm massaging to meet what is a competitive market.

As always if we can help at all don’t hesitate to contact us.

Cheers

Charlie & Michelle