News

What are you waiting for?

By Jessica Ridder
The resilience of the Australian housing market has never been more evident than over the past three months. Most Australians would be surprised at the level of activity and prices achieved, even though it has operated under restrictive operating conditions.
The ‘mini’ budget handed down earlier in the week by Federal Treasurer Josh Frydenberg has provided a better understanding of what lies ahead for the National economy amidst the coronavirus pandemic. It has has laid the foundations for economic bounce-back in 2021 and provided we remain conscious of the health threat that remains there are many reasons to be optimistic about the state of the real estate market.
Many buyers, including first home buyers, are increasingly viewing now as a good time to enter the market, and with record low interest rates and stimulus schemes such as HomeBuilder, agents are struggling to keep up with demand.
Nationally home prices only slipped by one per cent on average last quarter, indicating the resilience of the market and the continued confidence of home buyers. It is a far cry from the doom and gloom predictions of a 30 per cent crash.
As we enter the Spring selling market we would expect the traditional increase of properties to the market and a possible slow down of the economy with some of the Government incentives reducing or coming to an end, so if you are considering selling the time is ripe to sell now. Don’t wait until Spring.
Although the extension of welfare payments including JobKeeper and JobSeeker beyond September will help bolster the economy, home prices included, we will still probably see supply outstrip demand. The time to sell is now …… what are you waiting for?
Up to Date

Latest News

  • Webinar – should I sell now or wait?

    We would like to invite you to our upcoming webinar on Thursday 18 June at 6pm (AEST). Should I sell now or wait? Real-time data to help you make your best decision. Register here Ray White has been selling Australian property for over 100 years and in that time we’ve … Read more

    Read Full Post

  • What happened to the market in May 2020?

    Over the past few weeks, there has been so much change. As COVID-19 lockdown restrictions begin to ease across the country we will once again be running open homes and onsite auctions with these restrictions being relaxed as of this weekend. We want to reassure you that property is still … Read more

    Read Full Post