January 2008

Welcome to House Search News for January 2008

Happy New Year!

With a fresh new year comes change.

Please note our new contact details effective Jan 7 2008. Please update your records accordingly:

PO Box 175
Round Corner NSW 2158
Ph: 02 9869 4314

Warm Regards

Jacque Parker

Director
House Search Australia

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Another happy client…

Shannon from Melbourne had this to recently say about his experiences with House Search:

“I found House Search to be very professional buyers’ agents. I found their advice and experience to be invaluable in helping me to secure a great property at a fantastic price… the cost of using them more than paid for itself with the great negotiating skills they used… Thanks for all your hard work!”

Shannon, Melbourne (purchased in Greenwich)

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Market Update – Sydney Property News

Australia’s largest independent property valuation company, Herron Todd White, recently released their end of 2007 Market Indicators – a comparative analysis of the state of property markets in our capital cities. As a general overview, I find it helpful to see what stage of the property cycle we appear to be in, on a national basis.

Their results:

City            Stage of Property Cycle  
Adelaide        Rising market
Brisbane        Rising market
Canberra        Peak of market
Darwin          Peak of market
Hobart          Peak of market
Melbourne       Peak of market
Perth           Declining market
Sydney          Start of recovery

With other factors including a steady rental vacancy trend, strong demand for housing and increasing property sales volumes it appears good news for Sydney investors.

Affordability, however, remains a sore point and will continue, as first home buyers find themselves increasingly battling with rising prices across most of Sydney’s inner and middle ring suburbs.

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Useful Links

WANTING A FINANCE ALTERNATIVE IF YOU’RE A HEALTHCARE PROFESSIONAL?

Then give Pascali a call at MEDILEND: a finance company specialising in all avenues of lending, from residential and commercial to leasing and hire purchase, construction and development.

Catering specifically to the healthcare professional, Medilend offers a full range of finance products and services for complex tax and investment structures.

For more information call 1300 633 536 or visit www.medilend.com.au

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Suburb Spotlight – Cherrybrook

Just 28km from Sydney’s CBD this Hornsby shire suburb remains a popular family suburb, home to well known schools, including Cherrybrook Technology High, Tangara and Inala. A relatively young suburb established largely in the 1990’s, Cherrybrook dwellings consist of mainly freestanding housing which accounts for 80% of residences.

Some facts about Cherrybrook:

• Predominant age group of 40-59
• Predominantly families with children
• Over 80% owner occupied housing
• Current median price $670 000 for houses
• Average capital growth over last 10 yrs 8.57% including a very healthy 10.66% last year.