St Kilda After nearly 2 relatively flat years following the market peak in 2010 the property market is rapidly getting into top gear again.
Increase in demand is leading to price increases which have not been seen for some time.
I estimate we are obtaining up to 5% higher prices than those achieved in January and February this year.
The obvious stimulation has been the amazing low interest rate mortgages available to buyers along with the recent change of Government and the expectation of a more stable future business environment.
The Press has also added to the optimism in the market place.
The Positive stories now repeatedly appearing are a welcome change from the endless negative stories week after week during 2011 and 2012; particularly in the Age.
Let’s face it, reading the market is not rocket science and eventually the bottom line simply comes back to supply versus demand. The current situation is unbalanced with increased demand but low supply.
Whatever we are putting on the market is getting good attention. The less buyers have to choose from the less fussy they can be. It seems to be a good time to sell!
