Ray White Point Clare

What’s happening in your market? Despite many heading into 2018 with some degree of trepidation as a result of the significant negative media predictions, the market so far has proved quite resilient, giving many cause for renewed confidence. Whilst there has been some price consolidation, its been mainly on those offerings with perceived negative features. Quality, keenly sought properties have seen the market rally behind them, and have continued to enjoy a gentle rise. Buyers appear happy to transact as long as there is perceived value, and astute owners who have taken note and priced their properties attractively have seen healthy competition drive their prices upwards. Those looking to take advantage of the transitioning market need to carefully consider strategy and timing. With April expected to see only a small number of new listings due to Easter & school holidays, smart sellers who beat the EOFY rush and come to market now will benefit from eager buyers who missed out early in the year and have been starved of options since. Getting that timing right should see them achieve an above market price and allow them to have their pick of an increasing supply of new properties as June 30 edges nearer. Andrew Macdonald Principal, Ray White Point Clare