ACTON Magazine Volume 80 - June 2013 | Page 2

What’s making news at ACTON! WELCOME TO ACTON! The strong sales numbers experienced in the early months of the year have continued into the second quarter. As we predicted, the market has been showing strong signs of having entered a recovery phase, and we believe this is sustainable. We are seeing continued strong demand, listings remain well below the equilibrium point of 12,000, properties are selling at a faster rate, and prices are already starting to move. These conditions suggest that we can expect price growth of 8 to 10 percent over the next 12 months. In another positive sign, good sales results are being experienced across all sectors of the market. In good news for renters, the rental crisis appears to be over. The critical shortage of properties has eased, in part as a result of some tenants choosing to buy their own home and more investors entering the market. Rental listings were up significantly on the same time last year, giving tenants more choice and reducing the pressure on rents. While rents are not expected to rise much further, investors can still receive very good returns, they just need to be market savvy - investing in in-demand areas, buying the type of property that appeals to tenants and, like sellers, pricing the property to meet the market. Mark brings a wealth of experience and knowledge gained over 25 years in the industry, with the last 15 years spent at the senior corporate management level. Mark ran his own successful agency, before moving on to be the State Manager for two major national franchises. Most recently he ran Real Estimations - a specialist advisory service providing a dedicated range of consultancy services to the real estate and broader property industries. ACTON Carine Glades The ACTON brand has increased its presence in the northern coastal suburbs with the opening of ACTON Carine Glades in May. Located at the new Quarter Building at the Carine Glades Shopping Centre, ACTON Carine Glades will service Carine, Duncraig, Padbury, Hillarys and surrounding suburbs. Directors Alan Baxendale and Barney Fleiser have extensive experience in helping people buy, sell and invest in these areas and have built a strong team who are dedicated to bringing ACTON’s premium service to the region. They can be contacted on 9246 0611. Welcome to the family This year we have welcomed two strong leaders to the ACTON Group. Travis Coleman is the new Director of ACTON North, while Mark Sinclair joins Peter Beckton as joint Director of ACTON Central. Travis has left a highly successful 13 year career as a property valuer and State Manager of Propell National Valuers to join ACTON. His previous role gave him a lot of experience in the premium sector of the property market, plus he is very familiar with the ACTON North Region, having grown up in the City Beach area and attended Newman College. The new ACTON Carine Glades office