“Steady as she goes” best describes the current market conditions. I think this is a positive statement in as much as the decline in house prices has hopefully been arrested. We have seen a surge in properties coming on the market coinciding with increased buyer numbers through our open houses. Having said that anyone, who has purchased a property in the last 4 years is likely to be looking at a selling price of less than they purchased it for. The short term market view is unlikely to provide much optimism to those owners. Equally, if you are buying and selling in the same market then there are plenty of value properties to select from. Many of our owners have elected to retain and rent out their existing properties and take advantage of the buying opportunities on offer. We are definitely still in a buyer’s market.
Until next time….
“The team at Ray White Deception Bay has been the best I’ve dealt with in over 15 years as a property investor/landlord. They have been managing my property for about 4 months (since purchase) and I must say their service is the benchmark I now expect from others. When they … Read more
Will the market keep improving? A very good question and one that will have different points of view depending on the commentator. We have certainly seen a marked increase in the volume of sales and an increase in the prices being achieved. This as previously reported has been off the … Read more