Whilst maybe not a precursor to a radical market change, there is certainly no doubt that there has been a marked acceleration in activity in recent weeks. We are seeing increased numbers through our open houses and a marked increase in the number of sales being made. Whilst investors are still thin on the ground their numbers are climbing. Based on the experience accumulated over 30 years in the local real estate industry it is my belief that investors will lead the vanguard of future market improvement. It will be interesting to see how our stock levels are impacted by the increase in sales numbers. Increases in property values are likely when stock levels fall and buyer numbers rise. The degree to which this occurs in the coming months will be interesting to monitor.
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