Darebin property market off to a positive start

One fact that will be of interest to all those who follow the Darebin property market is that so far in January buyer numbers through our Open Houses have been up MARKEDLY on the same weeks in 2108. This trend is certainly cause for some positivity about the possibilities for the coming months.

On top of the simple quantities, the feedback from the buyers we are talking to during these inspections is also very positive. A growing number of the buyers in the Darebin property market are indicating that they feel 2019 will be a good time to buy real estate. There is a fair degree of optimism that last year’s slight correction in property prices has resulted in a market where values are more appealing, and that the long-term outlook for prices in the inner-north is definitely one of further growth.

Another trend we have noticed is that there has been a definite increase in activity in the Darebin property market from buyers who are looking to purchase for investment. This will come as no surprise to those who have been watching the pronouncements from the Labor Party regarding the possibility of changes to negative gearing and capital gains tax for property investors if they were to win this year’s Federal election. As many people would be aware, these potential changes are unlikely to come into effect until mid-2020, if at all, so many smart investors are looking at this year’s market as one of real opportunity.

No matter what happens later in the year, there is no doubt that the current Darebin property market is presenting real promise for those who are ready to sell during the next few months. So, if this is a move that you are considering, don’t hesitate to give the team at Barry Plant Preston a call if you would like some objective, experienced advice.