Berry Blog

With a win by the coalition, a likely interest rate decrease by the RBA early June, APRA looking to remove 7 per cent serviceability buffer on home loans, and another week of healthy auction clearance rates around the country, confidence is returning to the Australian property market. Some experts are now suggesting that the market will rebound sooner rather than later – now the rush is on to pick the bottom of the market.  Coming back to a local level we believe that we have now definitely hit the bottom of the market and this is being evidenced by the amount of sold signs popping up all over town.

Whilst confidence is returning to the market this does not necessarily mean that property prices will start to rise, before that happens we need to see a decrease in days on market as the property funnel starts to move again and supply and demand accelerates.

If your property is priced to meet the market then you can expect increased enquiry levels.

For folk that are wanting to purchase a property all the signs are now here that they need to move now!  The time to sit back and wait is over, the market is moving again after 23 months of decline, and it’s heading up.