Graham Catt's Hallett Cove Real Estate Blog

Investors will return to residential property investments again as the reserve bank slashes the rate by 0.5%.
With low vacancy rates across the southern suburbs of Adelaide, and stabilising property prices now is the time to get a good property for a good price and perhaps lock in a fixed term loan of perhaps 5 years!
Look at 4 Wayside Drive Hallett Cove for an example. Asking $419,000 it has 4 beds, 2 baths, 2 living areas is a good location. Rental estimate around $410.00 per week.

8 Heron Way, a landmark property on the beachfront in Hallett Cove, is having its first open inspection Sunday 1st April – No joking….
Considered a mansion with some 12 main rooms with fabulous sea and coastal views.
Call Graham Catt on 0423 023 742 for more information.

Hallett Cove Lions Club have set up huge National Neighbour Day celarbrations at the “Perry Barr Farm” on Quailo Avenue Hallett Cove. Sunday 25th March 2012 from 12-3:00pm.
Come and meet your local clubs and organisations and enjoy a BBQ sausage compliments of me, and the team at Brock Harcourts Hallett Cove.

The Reserve Bank has correctly left official interest rates on hold at yesterday’s board meeting.

After suffering 6 rate rises in the past 9 months this is certainly welcome news for the home owners and buyers.

However, the quiet word is that the major banks are concerned about their profits not being high enough and may put up themselves in the short term. The suggestion is that this rise may only be 0.1% – 0.2%.

So if you are shopping around for the best rate then try our mortgage broker for free advice – he could save you thousands!

The median sale price for Hallett Cove has increased from the June qtr 2009 of $375,000 to the June qtr 2010 figure of $397,500. That’s a rise of 6% to the same period last year.

However in that same period of time the number of sales has reduced by around 16%, from 55 in June qtr 2009 to 46 in the June qtr 2010.

It seems that the median price is steadily increasing, but not by as much as some of the sellers think!

According to a popular real estate website there are 70 properties for sale in Hallett Cove. Of those there are 13 showing as  under contract – presumably waiting for settlement. That’s more available than has been for probably 12 months or more. Certainly unusual for this time of the year.

Average days on market has stretched out to over 100 days – however the reality is that if the price is right they will sell much quicker than that. But it is the same old story – the vendor thinks it’s worth more than the buyer, so properties are often pushing the price envelope.

I have seen that some of those properties have previously been under contract but have been re-relesased to the market. That occurs either when finance is declined by a bank or a subject to sale property fails on the market.

So if you are a buyer get you finance ready first, then you can negotiate a better price. Or have your property sold first before you buy, negotiate a longer settlement timeframe so that you have time to find a suitable property. Either of these strategies will help you negotiate a better price.

The number of houses in Hallett Cove settled in the last 6 months have fluctuated a little, however show the market has been unaffected by the 6 interest rises in the past 8 months. In December there were 15 houses settled, January 21 houses, February 20 houses, March 15 houses, April 22 houses and May 15 houses. According to industry experts interest rates should not change much in the coming few months. In that time I sold and/or settled 9 houses in Hallett Cove myself.

7 Cadna Street  Hallett Cove has been re-released for definite sale. Offering some of the best views in Hallett Cove you see the sun come up over the Perry Barr farm area and watch it set over the sea. Views up the metopolitan coast too so relaxing on the deck, or inside the open plan living area is rewarding. Plenty of bedrooms, up to 5 if you need, and living areas upstairs or downstairs and a swimming pool too. Offstreet parking for a caravan or boat. View my website for more.

After one contract cooled off before Easter, with two other buyers just short of the mark, another contract was signed off last week, again with two other buyers missing out.
Now it’s sold and the vendors are very pleased.
It is a great house and we achieved a great price. $565,000!

I now have 7 Tarlton Street Somerton Park under contract. This interesting character home has a floorplan that didn’t appeal to everyone, however there is a buyer for every property if you market it well and show some patience.
A secondary buyer is on stand-by if conditions on contract fail.