The market is really gathering momentum now with loads of first homebuyers and even some investors coming back to the market. New apartment complexes are being finished and there are plenty of opportunities for renovators seeking that perfect blank canvas.
Properties in need of a makeover remain highly sought-after. Seems buyers really enjoy getting their hands dirty and are keen to secure something they can customise that’s handy to shops and transport. We recently exchanged on a property after only being on the market for under two weeks.
Turning to auction clearance rates and they’ve also been gathering speed over the last few weeks, with a 70 per cent preliminary clearance rate in Sydney over the October long weekend (compared to just 60 per cent for the same time last year).
Day & Hodgson can advise you on the best way to market and sell your property; potential buyers will also have our top sales team at their disposal. Likewise, if you’re looking for a property management professional, we’ve got that covered too.
Market heating up along with the weather
WE’RE into the second month of Spring already and the property market is heating up along with the weather.