We were amazed to hear that a normally slow period for the housing market has turned out to be a bumper one. Supported by the lowest interest rates in decades, a rise in investor confidence and a solid economic performance, Australian home buying activity is progressing towards record levels. And there doesn’t seem to be any slow-down in the coming months.
In the June quarter, National house prices have risen by 2.8 per cent and an astonishing 5.4 per cent this year to date. This level of growth has not been seen since March 2010, according to the Australian Property Monitors (APM) quarterly housing report. But what is so interesting, is that this boom hasn’t been created through any Government intervention or stimulus package.
Prepare to cash-in on a hot winter for home owners
The current housing boom is so significant, it’s set to be one of the hottest winter property seasons on record. If predictions are in fact correct, buyer activity is set to accelerate through the remainder of 2013 with the expectation that market momentum will continue in full-swing and prices will keep on rising until the year end.
If you’re thinking of selling your property, you might want to think about it sooner rather than later, to take advantage of a supply and demand situation that’s currently in favour of those selling up. Before your house goes on the market, you’ll need to swiftly get a Contract for Sale prepared by a Solicitor or Conveyancer.
If you need some advice or assistance in getting your property market-ready, we can help with an affordable, fixed-price service that’s quick and convenient. Don’t hesitate to call us on 02 4647 7577 to get started.