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Another Record Set "The Buyers are Back"

Saturday, 25th July 2009

Vitale Fine Properties has just brokered another record breaking property transaction by setting the benchmark for the higest price ever achieved for a residential property in the Northern coastal suburb of Hillarys. The transaction price was $3,550,000.

David Vitale principal of Vitale Fine Properties (VFP) said he has noticed a significant increase in buyer enquiry and the volume of transactions has certainly lifted. He said it is the overall view of VFP that the market has now stabilised and things can only get better from here on in.

David: “The buyers are back and it’s a great time to be out there in the market place looking for opportunities. The sellers were running with the baton for at least eight consecutive years and now it the buyer's turn to run with it. Everyone knows that it's prudent to buy in these market conditions. I think what’s happening is great for the younger generation who now have the opportunity to 'get ahead' if they are prepared to work hard. This was a far-away prospect in the dizzy hights of the boom unless you were fortunate enough to already be well established. For the more mature and established generation, there are also great opportunities to be exploited as although sale prices have receded, sellers are able go into ther next property aquisition with confidence as they are buying with great value built into the deal. There has never been so much choice out there... I LOVE IT!”