“The improvements are slight but many people were expecting clearance rates to drop further, so its a good sign.”
Sydney, NSW (PRWEB) September 22, 2011
Australian Property Monitors this week reported that auction clearance rates reached their highest level for over three months. Dr Andrew Wilson, the senior economist with APM spoke to ‘The Australian’ and was bullish in his enthusiasm. “The weekend figures will give the market some confidence as it heads further into the Spring.
“The improvements are slight but many people were expecting clearance rates to drop further, so its a good sign.” Dr Wilson also acknowledged that there was wider encouragement for buyers and investors contained in the data released from the Australian Bureau of Statistics that showed the national economy was growing faster than expected. “It looks like interest rates could be on hold until next year so that will encourage investors”.
This news coincides with the new availability of some stunning and exclusive townhouse property in the Rhodes district of Sydney by the beautiful Parramatta River thanks to mortgageeproperty.com
They are the custodians and marketing firm appointed by the motivated mortgagee, who would like to dispose of the 250swm triple level town-style dream townhouses. Because of the unique circumstances in the NSW property market, investors are able to speculate on properties that are mortgagee in possession that are below bank valuation and will stand to benefit in future capital gains. There are not many properties available at below replacement cost, which means construction cost, and with the unexpected interest rate news, they won’t be available much longer.
The townhouses are part of the Sol Rio complex, a contemporary and stylish development which offers pristine interiors, extensive balconies with a relaxing natural lush garden outlook, three queen sized bedrooms with en-suite spa and full built in and a has-to-be seen roof top terrace with private bar and another spa.
As well as enjoying one of the most enviable views in all of Sydney, residents have use of the exclusive Sol Rio facilities with Spa, Sauna, gym and indoor and outdoor pools.
The mortgagee is keen to sell and will accept offers below the sworn valuation with encouraging settlement terms including 30/60 day settlement on a 5% deposit.
Mortgageeproperty.com are the local experts on unique property investments in several exclusive Australian locations. Sol Rio in Rhodes is just one of the developments with available properties so check their website for other opportunities.