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NEWSLETTER
Making our way to the end of the financial year, money is on our mind especially during today’s climate. It is time to look towards the future for what’s to come and how to achieve.
As we look towards the second half of 2020, the media is coining today's market as a 'buyers market'. We have seen new listings increase in Melbourne by 22% between May 11 and June 7 compared to the previous four weeks and auction clearance rates are on the upward trend since state governments have been easing lock down restrictions.
With Spring just over two months away, we will begin to see an influx of properties hit the market, coupled with incredible all time low interest rates, showcasing endless opportunities within Australia. If it is in fact a buyers market, then there is an opportunity to take advantage.
Although the media has coined today's market as a 'buyers market', we haven’t seen the double figure percentage drops that analysts were speaking of in the markets that we operate in. What we have seen are exceptional properties being listed online which are being bought quickly and without delay, buyers are making decisions.
Although we can’t predict the future, especially during these unprecedented times and with economic clouds still looming, we can recognise that there is a strategic window for buyers and investors to take advantage of opportunities that the market is currently and will be offering in the future.
As we have been saying to buyers coming through open homes, "if it is in fact a buyers market, then now is the time to buy".
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