I’ve just come back from a real estate conference in New York and this is the sale they are all talking about in Manhattan – an apartment at 15 Central Park West – which a Russian fertilizer billionaire named Dmitry Rybolovlev bought for $88mil for his 22year old daughter! They are saying he paid full price! It has shattered any previous New York record.
So amongst the doom and gloom we hear on the news all the time, there is a little bit of rosiness for you!
Locally, as the real estate market kicks into gear, we are all wondering what sort of year it is going to be. Last year at this time, we had already had the Queensland floods and were about to experience the affects of the Christchurch earthquake quickly followed by the Japanese earthquake, tsunami and nuclear meltdown. Understandably, everyone was very jittery.
The first auctions for our area are scheduled for Saturday 11th February so all eyes will be on these properties and before those auctions the Reserve Bank will meet next Tuesday, 7th February with all indications there might be an interest rate reduction.
However it turns out, Beach & Bay is looking forward to another year of assisting past clients and new clients in the smooth, stress-free sale or purchase of their property.
