Real Estate

Mood definitely lifting in market

BUYER confidence has certainly returned, with the Inner West auction clearance rate at 82 per cent and Sydney wide, 66 per cent, which is certainly the best result for the year so far.

This has a lot to do with Liberals being re-elected and the introduction of the new first home owners grant. However, the top end of the market is also moving extremely well.
Our last two sales both sold prior to auction, and one of those was within just two weeks of being listed.
It’s fair to say that the spark in the property market has been reignited. Buyers and sellers are back out there driving the upwards trend.
According to data from ‘Domain’, there was an 11 per cent increase nationally in the number of people attending open homes in the two weeks since May 20.
Appraisals are up too, which means people who have been holding off are thinking that the time is right to sell.
Overall, the mood is finally experiencing a shift, and we have some nice properties about to hit the market – from apartments to houses – so owners are feeling positive about listing and selling now.
Whether you’re planning to buy or sell, at Day & Hodgson, we can advise you on what’s happening in the market and help you decide the best way to move forward.