The numbers don’t lie. The property market is on the move, and it’s heading up.
Last weekend we saw a 46sqm double garage sell in a nice inner city Melbourne suburb for $645,500. That was $245,500 over reserve.
The auction clearance rate in Sydney was 84%, Melbourne was 77%, Brisbane was 64%, all of which are way over the 57%, 55% and 38% respectively for the same weekend last year.
Supply is good, demand is great, interest rates are low, banks are lending, confidence is building and the forecast is for strong capital growth.
If you want to buy or sell, do your research, compare similar properties and ask or offer a fair price.
Now is a great time to be buying and selling property.