Friday 24 May 2019
With the Federal Election now behind us, we thought it would be good time to share a few thoughts about our market.
The Tweed Coast remains buoyant, and buyer activity whilst subdued from 6+ months ago, is still active. We now just have fewer active buyers seriously making offers - but the good news is these buyers are now educated on the market and have their finances in place to transact. The tighter lending environment has definitely put disciplines in place, and the well intended buyers are showing up ready to secure property.
Domain recently wrote an article about the Casuarina market, in which they interviewed Lorna as a local expert to get her thoughts - click HERE to read it.
As always there is a trade-off between days on market and achieved sales price, and getting this balance correct is the "art" in our marketplace at the moment. One interesting outcome of the tighter market that we have experienced is that there is a shortage of good stock. We expect that potential Vendors are feeling that they should wait for a more active market before listing their homes. However, the lack of supply is actually helping current Vendors achieve their desired prices, simply because available properties are limited. In effect, it may be a great time to get on the market!
In the attached video, I have touched on two important aspects of our market - auction as a method of sale, and days on market.
We would love the opportunity to give you an obligation free appraisal on your home, or just catch up and discuss how we can help you with your property needs.