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Spring Market Review

Hi there I’m Geoff Eagles from Elders Real Estate Picton just giving you an update on the market as spring is now upon us. Well believe it or not the market is as strong as it has ever been out here and we are particularly getting an influx of buyers from suburban Sydney areas who are biting the bullet and looking to make a better life for their families in our area. If there is a silver lining to the covid cloud it is that our area is a geographical sweet spot in the Sydney market where people can escape to lower density living, yet still be able to commute for work.

Now such a buoyant market does create challenges, especially if you have to sell before you buy. We are finding many buyers are missing out on their desired properties as other buyers are simply in a better position to buy right now. It is a bit of a catch 22 but in order to secure the best homes on the market, those who have sold their homes and have finance in place are at a distinct advantage. It may be worth selling your home with a flexible delayed settlement to buy you time to find your new home. Alternatively in the current climate it might be worth talking with your broker or bank about bridging finance. If you would like to discuss how to make the move, please don’t hesitate to give me a call on 0418 267 095.

Well that’s all for this month. Here’s hoping we can all get out, relax with friends and start living it up again….we all surely need it..Cheers.

All the best,

Geoff Eagles
Principal