THE TIDE HAS TURNED

 Going to do a valuation on a property and the valuer said to me we cannot use any evidence older than a month as the tide has turned in regards to properties.  They are currently selling so fast we cannot seem to keep up with what's happening.

Prices have not gone silly but I am definitely a bit frightened for those buyers that are still looking at old evidence of what people paid for their properties a year ago and back to five years ago it's now confirmed irrelevant.

What you need to say to yourself is do I like the home, what is the price range given for the property, do I really what to go to my limit - if you do then do it.  If you are going to hold the home for 7 years plus then it wont matter. (obviously $200k over what you should pay will take some time).

Perth has been pretty stable, infact going backwards in some years that it's now time for it to take a little jump or so - I truly believe that this will happen because of the 30 something groups that are definitely in the market right now and they are currently competing with each other. 

Not to mention the Sydney and Melbourne people which think our properties are just so cheap for where they are (their prices are huge) so they are prepared to pay that little bit more of course than a local person who has had it so good over the years.

Please make sure you are actually up with it all as an agent on the ground we are 2-3 months behind on what's really happening in the media as they dont seem to talk to the agents that are doing the business.

Take care out there and if you need to have a chat then please call us at the office.

MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!

SELLING MOSMAN PARK & THE WESTERN SUBURBS!!

KEEPING IT REAL IS OUR MOTTO!!