Real Estate

Homebuyers are returning

THE weather may be cold, but the market’s certainly starting to heat up, with auction clearance rates soaring to 68 per cent.

Buyer attendance is experiencing increased levels too, and here at Day & Hodgson we’re seeing some new buyers getting their foot on the property ladder. This could be as a result of the Government’s First Homeowners’ Grant, and it’s certainly great to see first homebuyers being given some financial incentive to get into the market.
As everyone knows, “bricks and mortar” is always a great investment.
Meanwhile, the demand for apartments and houses seems pretty much on par, with families wanting their own patch of land, and younger buyers enjoying the low maintenance lock-up-and-leave lifestyle offered by apartment living and experiencing the freedom to roam from home.
Back to the cold, and we’ve mentioned before that winter is not necessarily hibernation season for all potential homebuyers. Of course, they’re not exactly out in their droves, but the buyers who are out there at this time of year definitely mean business.
They’re not going to take the time to attend an open home just to pick up some interior design ideas. Likewise, if you’re selling, make your home more appealing for the opens – stoke up the fire or the heating and even have something cooking in the oven that fills the house with some delicious aromas. People won’t be in a hurry to get back outside and more likely start to engage in a conversation that sooner or later will come down to talking about auction dates or price.
We like to say, “Don’t wait.” If you want to buy or sell, there’s always a market, whatever the time of year.
Over the last few weeks, we’ve seen an increase in buyer activity and a swing towards purchasing prior to auction, which has been the case with several properties sold through Day & Hodgson recently.
This shows that vendors are prepared to sell, whilst buyers don’t want to risk losing the property at auction.
Here at Day & Hodgson, we recently sold a property in a record two weeks, while similar listings with other agents sometimes remain on market a lot longer – often between 3 and 6 months. We’ve managed to secure a buyer for every property we’ve listed so far this year, and that’s something we intend to continue to do if at all possible.