MARKET CONDITIONS ATTRACTIVE FOR REAL ESTATE PURCHASES BEFORE CHRISTMAS
Century 21, the largest real estate organisation in the Asia Pacific region, believes that there are strong opportunities in many areas of the national residential housing market for prospective buyers looking to secure a property purchase before Christmas.
“Buyers remain understandably cautious about acting on properties, given ongoing uncertainty surrounding global financial markets and concerns about housing affordability,” said Century 21 Australia Chairman and Owner, Charles Tarbey.
“However with interest rates down and a good deal of high-quality properties spanning a number of price brackets on the market, conditions look to be fairly attractive for many of those people who are positioned to buy and would like to do so before the year is through.”
According to Century 21, with the spring selling season now drawing to a close December will be a key period for real estate sales, with many buyers and sellers aiming to have relevant inspections conducted and property transactions finalised before Christmas and the end of the year.
The company believes that buyers need not be deterred by recent reports of low auction clearance levels as this can often give a serious buyer increased purchasing power or even the possibility of securing a property through post-auction discussions.
“In today’s market many pleasing results can be achieved with parties working together after a property has been passed in at auction to reach a mutually beneficial sales agreement,” continued Charles Tarbey.
“Buyers should not make the mistake of thinking that properties are not selling. Dwellings that are at a good price point, promise safe rental returns and are well located don’t usually stay on the market for too long,” concluded Charles Tarbey.