The climate HAS changed.
Interest rates are making the difference.
Also buyers, many of whom have been looking for months are now finding that increased stock levels are offering more opportunity, albeit in a very competitive environment, so they are out there buying with great confidence particularly in the $700,000 to $2 million price range.
Who would have thought a few years ago, that borrowing more than a million dollars plus, to buy a residential property would be the norm? Not us.
Vendors should note the last date for auctions will be the 14th December.
It may be a bit later for private sales. The time needed to prepare a property for sale is usually 2 weeks to cover presentation and preparation of marketing material. Most auction campaigns take 4 Saturdays (3 weeks).