Why the next 8 weeks are your best friend

Mind you, for those with a keen eye on the property market, there is a new season that is about to start which could be a very important period for many of the buyers and sellers who are active in Melbourne’s inner-north.

You see, if you’re considering making a move in the property market this year, a close look at your calendar will confirm that there are now just 8 WEEKENDS LEFT IN SPRING…and that’s a very important number if you want to sell this year.

With the Grand Final and school holidays now behind us, the property market looks set for a relatively distraction-free run to the end of the year, (apart from a horse race or two of course). So, here’s a quick summary of where the current market sits:

• Right now, there are far more buyers than there are homes available;
• This is producing strong competition between buyers, and pushing prices up;
• The Barry Plant team in Preston, along with many of our colleagues in the Barry Plant network, have been achieving weekly auction success rates as high as 100% recently;
• Some vendors have been exceeding their reserve prices by 10 to 20%, sometimes more;
• Daylight Savings starts this week, giving buyers even more opportunities to go house-hunting; and
• Most commentators are not expecting any interest rate increases until next year, making this an ideal time to sell.

Of course, by selling in the next two months, you will be ideally placed to settle during the January holiday period – a more relaxed move and an easier transfer between schools (if required).

If your plans include selling in 2017, there really is a limited window of opportunity for you to achieve this goal. So, if you need any help in getting your property ‘market-ready’, or you want some experienced advice on how to get your timing right, don’t hesitate to contact us.