Stable Real Estate Market

The media is now talking about a slowing real estate market and auction clearance rates falling below 65%. They always seem to be about 3 months behind what is actually happening. We are in a stable market now. We are finding that properties that are well presented, marketed effectively with great photos, video and a strong social media campaign are attracting good numbers of buyers and are selling well. Yes, the market has softened over the last 18 months with higher interest rates reducing the amount of money buyers can borrow and spend, however the cycle of life still moves on. Younger families want to buy their first home, as families grow they upsize to get the extra room or move closer to a school catchment and eventually couples downsize and look for lower maintenance homes. It does not matter what the current economic conditions are, people still need housing and when the time is right for them to move to the next stage, they just do it.

The market is now in a neutral price phase and offers a great opportunity to move. If you are planning to buy or sell the best time to do it is when you are ready. The agent you choose to sell your property does make a huge difference to your result.  At Guildea our aim through 29 years’ experience is to maximise the sale price, reduce the risk and make the sale easy.