With school holidays behind us and Christmas now very much on the radar, it is now the decision making season. As expected the number of listings is increasing buyers are on the hunt with a view to being ‘in for Christmas’. The start of the new school year is also always an impending event that compels decisions. We have been saying for several months that the residential market is on the turn and the latest report from the Real Estate Institute confirms this (click to view).
We can confirm the number of sales we are making slowly improving. We note a shift in auction clearance rates and in general buyers would seem to have decided that with interest rates at record low levels, it is time buy.
As we write, we note Westpac tipping house prices to rise next year (click to view).
In short, it seems the winter season in the residential market may be over – bring on summer.
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