Hi ,
If you've been searching for a home to buy in recent months you may have been frustrated
by the lack of stock.
Home owners probably don't need to be told that market uncertainty has been established as the leading cause of low sales volumes. Naturally, when the future looks uncertain and our financial security is threatened, we hunker down and play it safe until we can see some positivity on the horizon.
And that distant
golden glow is beginning to glimmer as the effect of more interest rate confidence combined with continued growth in property values shows sellers returning to the market and stocks beginning to rise once more.
An unseasonal boom during July saw sales volumes in Sydney and Melbourne increase, with most capital cities sitting at around 10% of the preceding ten year average. If the RBA leave rates on hold again in
September we will surely see seller activity continue to rise.
That's great news for buyers desperately seeking homes, and sows seeds of hope for a flourishing property market this spring.
Looking to sell in Melbourne? Ask about our vendor advocacy service or our staging service, where we provide you with trusted impartial advice and MAKE IT EASY to protect your interests
throughout the entire selling process.