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End of financial year market wrap up!

As we head to the end of the financial year 2022 most of you would be aware the market has shifted to a more balanced state between buyers and sellers… and this is all part of market cycles. However there are still great results being achieved. Well presented properties which are accurately priced  from the start are still attracting strong early offers. We are finding owners who seriously consider these early offers are securing the best result. The important thing to remember is that for the most part everyone is now selling to buy in the same market.

With the increase in interest rates and tightening of lending criteria, it is very important if you are planning a change to have your finance people on their game and do the groundwork. The process has become quite slow so the further down the track to finance approval you are the better the chance of securing the property you are looking for.

Rural properties are still performing extremely well and we are still achieving great results. What we feel is contributing to this is the shrinking supply of rural land in Western Sydney as owners sell in the airport corridor to cash in and move to quieter areas like ours. Combined with the shortage in supply of rural listings in the area, it seems this market will remain strong for some time. So if you are on acreage and looking to downsize, now is a great time to do it .

So if you are looking for a change and would like some friendly advice on how to make things happen, feel free to call us today on 46771958. Until next time stay well and stay warm! Have a great day!

Geoff Eagles
Principal
Elders real estate Picton