Strong January sales point to housing rebound
Although This story cover Sydney we are seeing the same in Cairns I have written three contracts so far this month, there are buyers around, I have spoken to other agents in Cairns and we feel that there is good volumes but the prices are not going up. It is better than this time last year that's for sure. HOME buyers in Sydney's east and inner west are out in force, with agents reporting a surprising number of early sales. Traditionally January is a quiet month for sales, but some believe the two interest rate cuts in November and December could be encouraging buyers.
Along with many of last year's unsold properties finding buyers, there have been cases of freshly listed homes selling within a week. ''We have rarely seen so many truly qualified and cashed-up buyers,'' said Di Jones director Gary Sands.

His agency has recorded six sales this year already, with several pending. Among the sales was a three-bedroom semi in Henrietta Street, Waverley, that was listed on January 4 and sold a week later for $1 million.

The others ranged from a two-bedroom apartment with parking in Bondi for $670,000 through to a $1.75 million unit at the Advanx development in Rushcutters Bay.