Australia is currently experiencing a housing boom and the Newcastle suburbs are no exception.
As the interest rates have been dropping and the yield rates are increasing 3.5 per cent in Newcastle alone, which is leading to an increase in return for investors.
House prices have increased by 10 % over the past year so the home owner is selling while the property market is hot. At the same time, advertised supply remains well below average.
This imbalance between demand and supply is continuing to create urgency amongst buyers, contributing to the upwards pressure on housing prices.
CoreLogic National Home Value Index – May 21
National - up 2.2 per cent per cent in May, up 10.6 per cent annually
Sydney - up 3.0 per cent in May, up 11.2 per cent annually
Melbourne - up 1.8 per cent in May, up 5.0 per cent annually
Brisbane - up 2.0 per cent in May, up 10.6 per cent annually
Adelaide - up 1.9 per cent in May, up 11.8 per cent annually
Perth - up 1.1 per cent in May, up 8.5 per cent annually
Hobart - up 3.2 per cent in May, up 16.5 per cent annually
Darwin - up 2.7 per cent in May, up 20.3 per cent annually
Canberra - up 1.7 per cent in May, up 15.6 per cent annually
Combined capitals - up 2.3 per cent in May, up 9.4 per cent annually
Combined regional - up 2.0 per cent in May, up 15.2 per cent annually
Because houses are being sold quickly people are finding themselves between homes, they are looking for some great storage prices, and this is where Kennards Storage comes in. Kennards storage unit prices are extremely competitive with 24 hour access that gives customers great flexibility.
With a team on site 7 days a week to help with all their needs, their easiest decision is to store with Kennards. We make sure that their furniture and household items are stored securely until they move into their new premises.
Kennards Self Storage is also the best place to buy cardboard boxes for moving, we also have an extensive line of merchandise to help pack your valuables. Buy 10 or more moving boxes and save yourself 20%. For the thrifty, there are plenty of second hand boxes available.