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Autumn preview
Welcome to our brief market update as we head into the autumn season. With interest rates stabilising and rumours of possible reductions down the track, there seems to be more activity in the market. However buyers are in a more conservative mind set and definitely shopping around, so it is important for sellers to be quite realistic about selling expectations in a market where competition looks to be on the rise.
With the population growth of the area, we are seeing more quite long time locals looking to make that sea change to either the South or North Coast, and in quite a few cases Queensland. Many over the past five years have put their lives on hold, but are now looking to make the move. This is leading to a steady rise in the quantity of listings coming to the market and again contributing to increased competition. So presentation and correct pricing is becoming increasingly important.
Even though land sales have been experiencing some challenges as financing criteria has tightened, sales in the exciting new Silo’s 1 acre estate at Picton are progressing well with 1/3rd of the 18 x 1 acre lots now sold. Construction works are taking shape quickly and the remaining lots will surely move fast when the roads are complete so now is an opportunity to beat the surge.
Have a great autumn and we’ll be back again soon with our End of Financial year review!
Geoff Eagles
Call us today on 46771958 for free friendly advice on how we can help you make the big change.
