Your Property News June 2022

Whilst we dream of warmer weather and plan our next holiday, many property owners start preparing for the “booming” spring property market. A common belief is that the spring market will bring property success. This is not always the reality.

In our local market, July, August, and November are traditionally our busiest sales months with the greatest number of sales. In addition, we also see some very strong prices as supply is low ensuring buyers have limited choice.

This year, buyers have been very limited for choice. For many sellers, whilst selling is their goal, they want to secure their next property prior to selling. So limited supply is causing pain for both sellers and buyers. According to CoreLogic, Brisbane’s advertised stock is 38.2% below the five year average.

CoreLogic’s Research Director Tim Lawless states, “Our estimate of home sales nationally over the three months to May is -19.2% below the same period a year ago, but still 12.1% above the five-year average,”

“A combination of higher interest rates, lower rates of household saving and a potentially more cautious lending environment is likely to reduce housing demand further just as total advertised stock levels are likely to continue rising, further empowering buyers by creating increased competition amongst vendors.”

An area we specialise in, is working with clients to sell their current home and buy their next home – a seamless transition. The recent sale of 5/21 Kidston Street, Ascot and 21 Upper Lancaster Road, Ascot reflects our approach.

I recently sold my unit with Amanda and it was such a great experience. Amanda and her team are very professional and have such an amazing work ethic. They were extremely helpful, transparent, knowledgeable and reliable throughout the whole process. Communication was also fantastic! whenever I had a question Amanda or one of her team members would answer it straight away. While selling I also purchased a house with Amanda who found the perfect home for me that ticked all my needs and wants which made moving forward such a breeze. Overall, I couldn’t recommend Amanda enough. She is an amazing agent with a motivated and highly professional team behind her.

When is the right time to sell your home? When YOU are ready. If you are looking to buy, invest or sell, please reach out as our door is always open – You are our focus.

Amanda
Amanda Butler – Principal
0438 767 439