Winter is coming to an end and that means there are only a few weeks to go until the busy spring property market kicks off. If you’re looking to buy a home, it may be a good idea to act now while the other buyers are still in hibernation! Here’s what happened in the property market over the last month.
Winter is a great time to purchase property, as there could be fewer buyers to compete with. What’s more, because the winter months are generally slower in the housing market, vendors may be more willing to negotiate on price. Read more on this month’s property market updates.
Winter is generally a quiet season, so we can expect to see a further slowing in auction numbers, clearance rates and home value rises in the next few weeks. This may provide a chance to pick up a bargain for those willing to brave the cold weather.
If you’ve been thinking about a 2018 property purchase, we’ll tell you why now is a great time to go for it. Whether you’re a first-home buyer, next home buyer or investor, we can provide expert advice about all your finance needs. Talk to us!
In the week prior to Easter, we saw the highest volume of auctions ever recorded across the combined capital cities, and by Melbourne individually. With interest rates remaining low, record levels of properties going to auction and prices coming down, now could be a fantastic opportunity to make your next property purchase!