Sash and Gable Property

WINTER SEASON SET TO SOAR The weather is getting colder and the winter woollies are coming out, but does this mean the property market is cooling down too? The seasonal slowdown is often predicted during the cooler months every year, but it doesn’t deter serious buyers who are ready to make their next move. According to industry experts and our firsthand experience, the COVID-19 induced property boom is set to soar over the next few months. In comparison to previous years, overwhelming buyer demand coinciding with high sale volumes point towards increasing prices to round off a busy winter season. BUYERS, BUYERS AND MORE BUYERS! The buyer market is currently in overdrive, with increasing house prices making buyers reconsider their options. Moving to the outer suburbs where the block sizes are larger and closer to the water doesn’t sound like a bad idea after all. Thousands of interstate buyers are wanting a fresh start, moving to some of the best and upcoming suburbs of the greater Brisbane region. With interest rates not set to rise until 2024 and strong buyer demand, we expect a busy season ahead. Today’s buyers are desperate to get their foot in the property market door while the time is right. We talk to buyers calling in, they mention they have made multiple offers and missed out by a hair’s breadth. WE CAN HELP YOU According to pricefinder.com.au, August will be the peak selling season for this year in Wynnum. House prices are up 9.2% since 2019, and Auction clearance rates are currently sitting at 64%, 12% higher than July 2020. A perfect storm of wage growth, high demand, low stock and the global pandemic have caused this property boom, with home prices expected to soar by up to 20% across 2022 and 2023. At Sash & Gable, our thorough observations of market progressions have a great impact on how we prepare, list and market our client’s properties. Knowing the ins and the outs of your home, comparable sales in the area and how different strategies can help achieve the best price, is why you can rely on us to achieve a great result. OUR HIDDEN GEM Recently reported by Wynnum Today, there are many exciting new additions and upcoming transformations which are bound to be popular. From the MULTIball Mania Pinball Playground and Bar on Bay Terrace, to the $1 billion refurbishment of the Wynnum Plaza and development of other sites across the suburb. Wynnum is consistently introducing quality improvements and entertainment, which is vital to growing our community and welcoming new people and families, migrating from near or far. Have you visited the new Majestic Cinemas on Berrima Street yet? Sash & Gable are here to keep you up to date with news in the Wynnum area, come down to our office at 113B Edith Street and pick up your free copy of The Community Leader today! Source: realestate.com.au, domain.com.au , propertyupdate.com.au