With one of the toughest Spring auction markets in several years now coming to a close, the Real Estate Institute of Australia president, Malcolm Gunning said the federal government's tightening of lending had slowed house price growth and created an 'artificial credit squeeze', signaling that the correction is part of ensuring a sustainable market.
To make the most of today's market, the REA Group suggests buyers bid based on where they see value, confirm you're pre-approved for finance and ensure to buy with a safety margin in mind. If you're selling, keep in mind this is the best market to sell in if you're upsizing, focus on the imagery and presentation of your home and listen to buyer feedback on price.
Over the weekend, Greg Taylor of Fletchers Banyule sold a perfectly presented and instantly appealing 3-bedroom home on Ellesmere Parade for $830,000, featuring a private rear courtyard, new carpets and front yard picket fence.
by Beth Oleyar in Community & Events
News and Lifestyle View the Latest Updates
-
Late Summer Landscape Tips: Boost Your Garden’s Appeal for… January 30thAs Summer winds down (or is it up??), it's easy to think that the hard work of maintaining your garden is over.
-
Market Update | 14 & 15 December 2024 December 17thProperty prices have risen throughout the year across the country, though the rate of growth has slowed from the fast...