Market still hot despite pandemic
Competition for real estate in our region is so hot right now, with properties selling within days of hitting the market – and sometimes even before hitting the market!
We are seeing good attendance at open homes, with multiple offers being made on properties, resulting in higher selling prices.
This rush of buying is being felt by financial lenders, with the Australian Bureau of Statistics reporting that housing related lending surged by 12.6 per cent in August. The strong demand for credit is being supported by record low interest rates, which in turn supports housing prices.
The latest CBA Economics report said that all evidence is indicating that Australia’s housing market will come through the COVID‑19 pandemic largely unscathed.
With the market being hot property right now, it’s a good idea to get an update on your biggest investment – you may be surprised by your property’s value in these unprecedented times.
Contact us if you would like a free no-obligation appraisal, or pass this information on to someone who would.
We look forward to assisting you in achieving your property goals.