'Good month' for real estate

Umina real estate agent LJ Hooker has reported "a good month" for local residential property sales in April.

Agent Mr Peter George said it was pleasing to see property sales were "on the move".

"Properties which had been for sale for a long period of time are finally moving with confidence," Mr George said.

"Whilst tight times are still ahead this is a good indicator that the lower end of the market is moving.

"Certainly the first home owners grant from the Federal Government together with the NSW Government stamp duty exemptions is having an impact although this should be tempered with the knowledge that the Federal component may not continue after July 1.

"The local industry is waiting with anticipation on the outcome of the draft Gosford LEP which the Peninsula Chamber of Commerce understands is to be placed on public exhibition mid-year.

"The new planning controls will greatly influence the direction of housing on the Peninsula in the future."

Newsletter, 11 Jun 2009 Peninsula Chamber of Commerce