September Property Market Update

September Market Update – The Market is Building

As we head towards the September school holidays, the market is picking up pace. And what great news this is given the slow market we’ve had so far this year.

There’s more product coming through, and the depth of the buyer pool is growing. Properties are selling faster than they did this time last year, often attracting multiple bidders and selling above their expected range.

Buyers are feeling the urgency. With so much competition and opportunities moving quickly, we are receiving more enquiries as people don’t want to miss out. With quality listings continuing to hit the market, October promises strong activity and competitive conditions for both buyers and sellers alike.

For those in the market, just remember: do your research, know your numbers and don’t be tempted into emotionally overbidding, or falling for underquoting, which is a symptom of an escalating market.

Hold Onto Your Investment Property

We’ve been surprised to see an uptick in the number of investment properties hitting the market recently – just as the assets are poised to increase in value. If you own an investment property and are thinking of selling up, we say don’t. Right now, we’re at the bottom of a rising market and if you hang on, you’ll reap the rewards. Read more here

The Gold Coast-ificiation of Bayside

There is understandable anger at the State Government’s plans to allow buildings of up to 16 levels in the beautiful bayside suburbs of Brighton and Hampton. This comes after protests and consultation where many, many residents expressed their concerns over this style of density. If you’re a home owner in the impacted areas, it isn’t silly to be considering what your next move should be. Here’s our advice. Read more