Don’t wait to buy, buy and wait!

What an excellent finish it has been to the 2019 property year.

In December 2018 we wrote “We think the second six months of 2019 will see improvement in prices and more activity”. The comment met with much scepticism and mirth!! Isn’t it good to be right occasionally?

The property market is still operating at a frenetic pace, with lots of buyers but unfortunately not enough supply to satisfy demand. Prices are therefore rising.

A good example is a Carnegie property we hoped to buy for a client at $1.6 million. (price range $1.3 -$1.4 mill.)  In fact we offered that amount which precipitated a private auction. 3 bidders competed against us and the property sold for close to $1.8 mill., not to our client unfortunately. The price represented a 28% premium over the top of the range. Unbelievable!

There is no indication of a slowdown any time soon as supply will remain short in the near future and prices will continue to rise.

There may be some opportunities to buy “off market”.

May we take this opportunity to thank you for your support and  wish everyone all the best for the festive season and good luck in 2020.

Avoid the property pitfalls and TALK TO US TODAY by calling 0418 500 483 or emailing Brian.





Get Property UpdatesGet your property tips from the team at Statewide Property Advocates...

Where do you start? 
How do you minimise the emotional, financial and family impact of selling an asset that may have been a familiar friend for years, even decades?

These tips will steer you through a potentially difficult process, minimise the trauma, and maximise your returns.

Avoid the property pitfalls and TALK TO US TODAY
by calling 0418 500 483.

Get 10 Tip to Sell Your Property
Share This