Sales reports show that property market around Parklands properties is beginning to pick up again. Sales recorded during the month of May exceeded those of April by about 7 % although they are almost 50% less when compared to last year. This is attributed to recession period although it did not hit SA like other property markets.
There are few factors that are contributors to this growth and all have all to do with banks lending rate and the fact that interest rates have not been flactuating. The sustainability of local property market is also a positive contrinutor.
Parklands properties remain the preferred because of what the suburb has to offer. Most activities recorded in the past six months were in the area. The suburn also experienced more investment that went to buy to sell stock. Careful observation needs to be made to see if Parklands properties will continue experiencing growth over the next 3 months.
There are few factors that are contributors to this growth and all have all to do with banks lending rate and the fact that interest rates have not been flactuating. The sustainability of local property market is also a positive contrinutor.
Parklands properties remain the preferred because of what the suburb has to offer. Most activities recorded in the past six months were in the area. The suburn also experienced more investment that went to buy to sell stock. Careful observation needs to be made to see if Parklands properties will continue experiencing growth over the next 3 months.