New Year Outlook for Residential Property Market

The new year period is often the most active of any calendar year with people often on leave with their children or taking some out to enjoy the Australian summer.  This often means that buyers will have some down time to search for their next home or investment purchase. Sellers should certainly note such circumstances to maximise their result if the timing is suited otherwise.

In the ever-evolving landscape of the real estate market, one prevailing trend has captured the attention of both homeowners and potential sellers alike: the lack of available stock.

The transparency of the auction process in itself is an excellent tool to gauge market conditions at any given time. Various property bodies or service providers calculate auction clearance rates on a weekly basis.