Alliance Real Estate

With spring well underway there are several key observations regarding the state of the local property market. Firstly, the number of homes on the market currently is 50% less when compared to previous springs and secondly, this housing shortage has created greater buyer demand and rising prices for owners. The market continues to rebound, and finance is easier to obtain with historic low interest rates and more favourable lending criteria. Auction clearance rates are also much stronger achieving clearances over 70%. This is due to the low housing supply and growing buyer demand. At Alliance, we had our best September month in over 3 years with over 15 properties sold. We have included a few of these results in this publication. We are finding now that many owners are moving their plans forward to “strike while the iron is hot” and take advantage of the current favourable selling conditions. There is very strong demand for villa homes and single level family homes (3+ bedrooms) that cater for buyers that are looking to either downsize or upsize. I believe this market will remain strong for the remainder of the year as many families are looking to secure a property before Christmas and can start a new school year in a new home. LIKE TO KNOW WHAT YOUR PROPERTY IS WORTH? Call us today on 9771 6115 for an obligation-free Market Appraisal. Theo Kalinderidis Principal, Alliance Real Estate WELCOME