Andrew Macdonald0409 368 151

Legana / Grindelwald AreaProperty Market Report

Bushby Property Group 117 Cimitiere Street, Launceston, Tasmania, 7250

BEST LARGE AGENCY2009 through to 2015

JANUARY - JUNE 2015

andrew macdonald real estate

Have you always considered playing golf, or joining a club, and just not known how to go about it? Now is the time to enquire!

Riverside Golf Club is a premium 18-hole golf course with fantastic facilities in the heart of Riverside and minutes from the CBD. They have club memberships to suit all kinds from full playing members to those who would just like to enjoy the social facilities of the club, or the occasional social round.

Green Fee players are welcome!! You do not have to be a member to play golf at the Riverside Golf Club. The course is open to the public 7 days, with green fees being payable at the Pro Shop. Visitors wishing to come and enjoy the picturesque and manicured course are made to feel most welcome.

Members can elect to pay membership fees by convenient monthly instalments.

Club Manager, Frank Tedeschi, looks forward to welcoming you to the Riverside Golf Club. Please contact the club by phone, email or you’re welcome to drop in to have a chat for any further information you may require regarding membership, functions, corporate days or any other matter.

Come and join us, I’m a member!See you on the green soon!

Andrew.

Riverside Golf ClubPhone: (03) 6327 3312Pro Shop: (03) 6327 4043Email: info@riversidegolf.com.auWeb: www.riversidegolf.com.au

Hi Legana area residents,

It’s been a busy start to the year in the greater Legana area property market. The first half of 2015 has produced strong growth in both average and median house prices, versus the same period in 2014, and a higher number of sales transactions, up 12 sales, to 51 residential sales in Legana against the corresponding period last year. It’s also encouraging to note that the average house sale price was up 10% to $369,903. A possible contributing factor is thesignificant growth in enquiry from mainland investors attracted to our market due to the higher income returns relative to mainland markets. A promising sign for potential vendors!

With the RBA cash rate remaining at an all-time low of 2.00%, down from 2.50% in June/July 2014, borrowing conditions are as good as we’ve ever seen them with residential mortgage rates typically in the range of 4.5% - 5.5%.

For investors, the rental market vacancy rate remains extremely low, below 2% at Bushby Property Group, and around 3.4% statewide. With income yields well above mortgage rates “positive gearing” is common practice, so if you’re considering moving into the propertyinvestment market, now seems to be a very good time.

For Self Managed Super Fund trustees, talk to your accountant or financial advisor about borrowing inside your Super Fund to invest in property, it may be very worthwhile and a great opportunity to diversify your portfolio.

If you’d like to discuss how the market is performing relative to your property, or to have an obligation free appraisal to ascertain its value in the current climate, please fell free to give me a call.

Until next time

Andrew

MARKET REPORT JANUARY - JUNE 2015

STATS AT A GLANCE

NUMBEROF SALES

THIS PERIOD VS. PREVIOUS PERIOD VS. SAME TIME IN 2014

AVERAGEHOUSE

SALE PRICE

MEDIANHOUSEPRICE

OFFICIALINTEREST

RATES

51 7 12

9%$369,903

JANUARY - JUNE 2015

10%

MEDIANHOUSEPRICE

THIS PERIOD VS. PREVIOUS PERIOD VS. SAME TIME IN 2014

OFFICIALINTEREST

RATES0.25% 0.50%2.00%

9%

6.5%$323,000

Attributes: 2 Beds, 2 Baths, 1 Car Spaces, 1 Lock Up Garages, 1 Ensuites

Attributes: 3 Beds, 2 Baths, 3 Car Spaces, 1 Lock Up Garages, 1 Ensuites

Attributes: 3 Beds, 2 Baths, 3 Car Spaces, 2 Lock Up Garages, 1 Ensuites

Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

Attributes: 3 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

Attributes: 4 Beds, 2 Baths, 8 Car Spaces, 2 Lock Up Garages, 1 Ensuites

Attributes: 3 Beds, 2 Baths, 8 Car Spaces, 8 Lock Up Garages, 1 Ensuites

Attributes: 3 Beds, 2 Baths, 3 Car Spaces, 3 Lock Up Garages, 1 Ensuites

Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

Attributes: 4 Beds, 2 Baths, 6 Car Spaces, 4 Lock Up Garages, 1 Ensuites

Attributes: 3 Beds, 2 Baths, 3 Car Spaces, 3 Lock Up Garages, 1 Ensuites

Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

Attributes: 4 Beds, 2 Baths, 6 Car Spaces, 4 Lock Up Garages, 1 Ensuites

Attributes: 2 Beds, 2 Baths, 1 Car Spaces, 1 Lock Up Garages, 1 Ensuites

Attributes: 4 Beds, 3 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

Attributes: 5 Beds, 2 Baths, 3 Car Spaces, 3 Lock Up Garages, 1 Ensuites

Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

Attributes: 5 Beds, 2 Baths, 3 Car Spaces, 3 Lock Up Garages, 1 Ensuites

Attributes: 4 Beds, 2 Baths, 1 Car Spaces, 2 Lock Up Garages, 1 Ensuites

Attributes: 4 Beds, 2 Baths, 2 Car Spaces, 2 Lock Up Garages, 1 Ensuites

Attributes: 3 Beds, 2 Baths, 5 Car Spaces, 2 Lock Up Garages, 1 Ensuites