Low Stock on the Market: What It Means for Buyers and Sellers

Australia’s central bank has cut the official cash rate by 0.25% to a new record low of 0.75%.

The long-expected move follows months of signals from governor Philip Lowe that the Reserve Bank was prepared to push rates lower to increase employment and lift stubbornly low inflation back into the 2-3% target band.

Experienced agents Daniel & David talk everything Real Estate in Wollongong.

It's good news for buyers and sellers alike, as the Illawarra housing market has seen a consistent balance with consumer confidence growing post election.

The Spring selling season is just around the corner and clearance rates are rising, so is now a good time to sell your home at auction?

An analysis of properties sold via auction versus private sale over the past four years shows that auctions can typically achieve $20,000-$60,000 more depending on the market.

Off market sales became popular when Sydney’s property market was white hot.

Off market sales have always existed. But they started to become a standard feature of the Sydney property market in the strong conditions that existed between about 2013 and 2017.

That’s because going off-market has always been a strategy that tends to work very well in tight property markets, especially for high-end properties. With limited supply and enough interest in a property, it can let a seller cut straight to the people most likely to buy without the need to go through a lengthy public market campaign.