Weekly Market Pulse - 5th September 2018
We are now in the first week of September, the year is sailing past fast, it’s Spring and the buyers are out in force. This week we have seen more of the first home buyers making offers and securing property, we have seen investors snapping up some great bargains, and looking to lease them immediately upon settlement.
For years we have seen the Spring Season bring differing results, this year I think we are in for a bumper selling season. Prices should remain steady with downward pressure from the interest rate uncertainty and the issues surrounding the Political unrest.
Units have been in high demand, in our office we have seen 2 units go under contract in the last few days that have been on the market for over 3 months and with other offices prior to us taking them on. This is good news for units sellers.
Good presentation remains high on the list of buyer demands, spending a little extra time and effort can be quite rewarding. We recently were referred to another seller by one of our current friends of the business and were able to help them understand how to improve the property value before going to market and I’m excited to say they too were able to secure a great price for their property, better than their original appraisal price all while spending less than 2 weeks on the market. Getting presentation and price right from day one is imperative.
We have some great homes open for inspection over the weekend, I look forward to seeing you at one of them.