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From The Principal

Thursday, July 30, 2009

While people are continuing to take advantage of the First Home Owners Grant there has also been an increase in the number of second time home buyers entering the market during the June/July period.

While we are experiencing some of the lowest interest rates on record purchasers are showing some concern about interest rates and where they are heading in the future.

Our Property Management Department has been extremely busy re-letting a sudden influx of vacancies in July. However, two weeks later the vacancy rate is back to normal with most properties being relet as tenants vacate.

- Geraldine Sheehan

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