This week has brought a hive of activity with current negotiations on multiple properties and a new and exciting property coming to market over the coming weeks.

Historically, Anglesea experiences a slowdown during the cooler months, however, well positioned and appropriately priced homes continue to experience strong demand.

With the Reserve Bank of Australia taking their foot of the throttle in early July and holding the cash rate steady at 4.1 per cent which has in turn provided some confidence to our property buyers.

Examining the dynamics of the real estate sector, the past year has been rather unusual. Despite facing a challenging market environment and external influences, there was an unexpected price growth of nearly 5% over the course of the last financial year. It is important to highlight that we observed the lowest number of property transactions in a twelve-month period in more than two decades. In spite of these formidable obstacles, as a real estate agent deeply involved in the local market, my outlook remains positive regarding the potential within our coastal regions.

Anticipation is high for the upcoming spring and summer seasons, which not only promises warmer weather, but also hold the potential for prosperity in both our township and the real estate market.

Stay tuned for some great sales results recorded for our Anglesea vendors.