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This Week's Lifestyle Properties and Open Homes

4.75! Well, it’s what we were hoping for, and it even looks like there will be another OCR drop in November.  This brings with it competitive rate cutting at many of the banks, and mortgage brokers saying they are seeing large amounts of buyers coming to them for pre-approvals.  All this bodes well for our market and will likely help maintain the activity that we have been seeing.  Inquiry is up and that is a strong indication of market improvement.  Much of the upcoming change will take time, and we are 11 weeks to Christmas so we may see a rush leading up Christmas, and then a pause while banks and solicitors shut down for the holiday.  It’s important to also recognize that there have been a lot of new properties to the market and this will likely keep things on balance with respect to a ‘buyers’ vs ‘seller’s’ market.