Market Overview - September 2015

The market continues to go stronger than ever with the autumn rush pushing right through to June this year. The typical strong spring season has also started much earlier than usual, seeing clearance rates close to 100% in the past couple of weeks.

Local councils have been restricting Developers in sought after areas making these desired areas entry points very high. With low interest rates and a new generation more comfortable with debt than Gen X ever was, there have been no signs of market growth slowing down.

Historically low interest rates continue to push more renters into buyers and investors into growing portfolios. There are on averaged four bidders at each auction driving prices to strong end results. Offers prior to auction have also become a popular trend as purchasers are putting in firm offers that are taken seriously. This market is moving and shaking and if you find a suitable property its best to act fast as it would be suitable to others too. There is talk about a property bubble, but house prices continue to rise substantially.

 


Anastasia Chessum
Residential Property Manager
anastasiac@dixonkestles.com.au
0451 876 634