3 August, 2023 / Category: Blog
Recently, we’ve been approached by numerous clients expressing their intent to sell their properties, especially investment properties. Our real estate agent connections have also told us they have done a record number of appraisals in the past month.
We understand the challenges associated with investment properties – particularly increased land taxes and a sharp rise in interest rates. Many rental providers are struggling with cash flow, making it tough to retain their properties. However, we firmly believe the market will bounce back. Those who rush to sell may find it challenging to afford to buy back in later. Those who hold on will likely reap the rewards of stable or lower interest rates and high rents. The big four banks are now all predicting rate reductions in 2024 and 2025:
Our property management team can also assist you in finding the right tenant at the right price, making it easier to retain your property. With over 700 properties in our portfolio and a vacancy rate of less than 1%, we have a substantial pool of renters actively seeking rental properties.
Looking ahead to spring, the influx of investment properties will be further fueled by pent-up vendors who have been holding off selling their family homes, leading to a significant surge in the market. While this may seem like a positive development after a year of limited stock, keep in mind that anyone selling a family home will also be in the market to buy, increasing competition for properties.
Timing the sale of your property, whether an investment or your home, will be crucial in the latter half of this year. At Infolio, we offer a vendor advocacy service where we can act on your behalf when selling a property. As your vendor advocate, we will:
The best part? Our clients pay no fees directly to Infolio for this service.
Schedule a complimentary 15-minute discovery call with us, and we can advise you on whether selling is the right decision and, if so, the optimal time to do so.