As usual the media are a few months behind the ball game as the await for their quarterly figures to come out.
Yes we know that the property market is definitely strong and now they are saying it's pushing past 2017's peak and we have hit a new high in January. (corelogic)
Figures dont always tell you what's going on around the town you actually need to talk to an agent that you can trust.
Perth did 3.8% growth in the quarter and 1.6% in January - that really only gives you figures and it can depend on what homes were sold smaller ones under the $300k or bigger ones over the $3 million.
Lots of people are opting out for a tree change, yes that might be so but I already know that a few are coming back as they just cannot get adjusted to that quiet way of life, or they cannot get accomodation. There are a lot of factors going on here and people make rash decisions and then reverse them again.
What we are finding are that Sellers want to sell but we cannot find them anything to go to and hence they are not putting theirs on the market. The market is the market and you just have to be prepared for and have a fall back plan.
With interest rates being so low, building incentives (although were not needed just created a shortage now of good builders) the market is moving along and people just have to get adjusted to the fact that it's no longer a buyers market it's a sellers market. Hasnt been that way for a very long time I might add.
Give us a call if you would like to talk strategies as selling quietly should NOT been on your shopping list those days have gone, if you want top dollar you need to go to the market.
Stay safe out there.
MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!
SELLING MOSMAN PARK & THE WESTERN SUBURBS!!
KEEPING IT REAL IS OUR MOTTO!!
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