Friday, January 29, 2010

Gold Coast - Colliers Newsletter

"Sellers who have been holding on for the last 2 years, not needing to sell, are now making the decision to sell.

There is good buyer interest however some are still looking to find the bargains, which are almost gone from the market as the competition from buyers increases.

Recent auction results confirm buyers are active in the market, but their offers are sometimes falling short of the owners expectations. The real test for the properties that have passed in at auction is to see if they sell within the next 2 weeks. These sales will occur because buyers realise that they need to pay a little more than their first offer to secure the property or sellers realise the market will only support a certain price level."

This sounds to me like prices are going down.

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