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Current Sydney property market news June, 2006.

Real estate prices:

After a more than year of flat to declining prices the property market seems to be stabilising. This is evidenced by statistics, which indicate prices in the Sydney market have risen 1 to 2% over the December 05 and March 06 quarters.

Rental Market:

The rental market, although well supplied with new dwellings over the last 5 years, continues to be tight with low vacancy levels. This is tending to force rents a little higher (around 4% year to date), particularly in inner city areas. A drop in new dwellings being built in 2005 and 2006 will see rental demand remain tight.

Auction Clearance rates:

Evidence for March and May of 2006 indicate the clearance rates are approximately 55%. This represents an improvement over 2005 where clearance rates averaged less than 50%. These latest figures indicate a potential bottoming out of the market may be happening.

Iconex can finance all property.

Iconex is very experienced in all types of property financing. We can advise how the loan can be structured to meet your goals. Call now to for advice for your next home loan.

Simply fill out the form and we will contact you with a response within 24 hours ( Monday - Friday ).       

Let Iconex search 30+ lenders and 300 loans, to find the loan the right loan for you.
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DAIS Investments Suite 1.04, 339 Military Road Cremorne NSW 2090 Ph +612 9908 8875 Fax +612 9908 7061

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