We speak to Brock Harcourts' Rae O'Neill about the current property market What do you like about being a real estate agent? I love it all. Real estate is such an exciting industry, ever changing and always challenging. Waking up in the morning, knowing that I am going to meet and build relationships with such a diverse array of people is inspiring. Where do you live and what do you like about your current home? I live in Exeter which is near Semaphore. My partner and I live together in a gorgeous, 1890 renovated villa. We love the lifestyle of being so close to the beach, Semaphore Rd and of course the local pubs. A lot of our friends live close by too, which is great. What are your thoughts on the current real estate market? I am a firm believer that the cup is always half full. Interest rates are falling, and are likely to continue to fall, which is very positive for property investors, especially as rents are increasing. First home buyer activity has greatly increased with the First Home Buyers Boost, which has caused a positive flow on effect throughout the market. Despite all the negativity, people will always be buying and selling real estate. Any tips for the buyers or sellers in this market place? Property for most people is their largest asset, it is important to get the pricing right. Most people have emotional attachments to their properties and these emotions can make it difficult for them to see what their home is really worth. The market will determine the true value of your property. The key consideration is how your property measures up against other sold properties. At present property prices remain affordable and interest rates remain low. When the global economic recovery is fully underway property prices will respond by rising swiftly. My recommendation for buyers – buy now, before all the news is once again good news.
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