Throw Back the Doona

Even the Real Estate Institute of Australia was getting into the spirit of the season; not the festive season, but the months of the year when we are inclined to snuggle in and pull up the doona.

The REIA message, with two weeks of autumn 2021 left to go, suggested to homeowners, who may have put their selling plans on hold through last year, to make their move now with confidence.

There was a fair bit of uncertainty last year, and no potential seller can be chastised for sitting on their hands for a while, but we are coming out the other side of the worst the pandemic can throw at us. Market conditions continue to improve, and the Australian economy is bouncing back nicely.

Homeowners who have put off selling plans should be talking to agents now, getting appraisals and considering options.

Sellers are in the driver’s seat in most markets.

Buyer demand is strong. We are seeing it, hearing about it, and reading about it day in, day out!

They are out there, with many having formed good relationships with sales agents. They are waiting.

So far this year, property values around Australia have increased about eight per cent. This seems to have the major banks forecasting 20 per cent to 30 per cent rises in property values and suggesting this cycle of strong growth will continue for a while before slowing down over the next couple of years.

Whether they’ve got it exactly right or not, on the back of a fairly strong Federal Budget 2021, both buyers and sellers can make confident moves.

Housing market momentum is ongoing. Demand is likely to remain at high levels through winter as interest in the property market remains generally strong. And it’s fair to say, some markets are even feeling the heat.

There’s no need to pull that doona over the head!

SOURCE: RE/MAX Australia