News

Here are a selection of properties that we are taking to Auction for the second time.  Our sellers are committed to selling.

 

- 6 Akes Ave, Southport - Auction onsite 11:30 this Sunday. Family home TSS area more...

- 1 'Shell Apartments' 389 Golden Four Dr, Tugun - No roads to cross to the beach more...

- 2 D'bah, 13 Eden St, Point Danger - Spectacular views 274m2 apartment more... 

 

In a market where even valuers are finding it difficult to price properties, the auction process is gathering feedback for our sellers and attracting buyers.  The not so serious seller upon receiving feedback on price is often withdrawing the property from the market after an auction, while the seller who is motivated and listening is then pricing the property to ensure a sale.

 

In the current market auctions are generating results.

 

Market Report

The property market continues to ebb and flow with the economy as a whole.  Numbers at inspections, one of our key indicators, are selectively improving.  Properties that are active in marketing are generating buyer interest. 

 

With talk now firmly set on a reduction of interest rates, pent up demand over the last few months will be released and buyers will, as we are seeing, return to the market.  The unsustainable 25% drop in national sales volumes* over the first quarter of the year simply cannot continue. People still need to move for work, they're still having babies and upsizing or downsizing.  Adult children will only be permitted to stay at home for so long and flatmates will eventually get on each others nerves.  People's circumstances change and they need to move, hence the volume of demand will return, it is part of the cycle and so prices will return to equilibrium.  Now is a great time to buy. *(Source: RPDATA)

 

The buyers who are saying "I'll wait until it falls further" risk miss-timing the market.  Sure we may not be at the bottom right now, but an astute purchase now will reward the buyer in years to come.  By waiting for the "right signals" or for the headlines in the paper to read "Real Estate is Booming" you will have missed the boat.  Now really is a great time to be buying.

 

Sellers don't despair.  As mentioned there are buyers who already see opportunity in the market and some who have to move.  If you do wish to sell contact one of our team to discuss the strategy that's right for you.