The change of tide or change in market is synonymous with one thing- something is about to happen! In surfing terms it can mean the difference between the swell hitting a point and pitching well, or missing it completely; leaving you aimlessly on your board bobbing around.
In the last week we have noticed a new and definitive trend emerging with 4 of our auction properties selling prior. We know that properties sell prior to auction for two simple reasons.
a) The buyer believes they need to act quickly to secure the property and a delay will only increase the likelihood of them missing out or needing to pay more.
b) The seller moves quickly to secure an offer from a light footed buyer not prepared to wait around.
Given the current market, it’s our opinion that this new trend of auctions selling prior is a result of the former, with buyers understanding there is less choice available and therefore run the risk by delaying their decision until auction day, where both buyer competition and clearance rates are rising.
Either way, this emerging trend suggests that the market is beginning to turn, the only question remaining is how fast the water will come in?
Is it a good time to buy or is the market too hot? This is the question we see buyers asking themselves every week and depending on which media outlet you read, there are conflicting reports as to the future direction of our property market. This is of no help … Read more
44 Saint Quentin Avenue, Maroochydore Sold by Sarah-Louise Anderson for $685,000 Modern, architecturally-designed homes, close to everything in a master-planned community built with family in mind, it’s no wonder the lifestyle at Sunshine Cove is so appealing to buyers. Located in the heart of Maroochydore, the popular residential estate offers … Read more