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News November real estate market update 2013

November real estate market update 2013

Real estate & property news
02 November 2013
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It’s been interesting this week as I’ve been able to talk with a few more buyers than usual and to gain an insight into their state of mind at the moment.

It’s quite clear that many of them are not only frustrated at the limited choice of properties that are coming onto the market, but are also well aware that the end of the year is approaching at a fairly quick rate and opportunities to buy before then are clearly numbered.

Yes, the volume of property hitting the market has lifted since the Federal election. But what is also clear is that the volume of buyers continues to clearly outweigh the number of sellers in the current market.

We saw numerous examples of this today, with huge turnouts attending many of our Open Houses, (particularly if they were able to avoid the traffic around Flemington!). So it really isn’t surprising that we are seeing quite a bit of anxiety among buyers who are very keen to secure their next home this year, rather than waiting until 2014.

All in all, it seems likely that we are headed into a fairly frantic market between now and the middle of December. So if you haven’t put your property on the market yet, but would be keen to achieve a good sale while the market is still hot, don’t be afraid to pick up the phone and call us this week. Chances are several of those anxious buyers would LOVE the opportunity to make you a seriously good offer in order to set their plans in concrete.

Whether you’re planning on a punt or not, I hope you enjoy the rest of the weekend.

Real estate & property news
02 November 2013
Save Article

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