"So how have things actually faired in the last four
months? agents report patchy progress, but on balance
they have been more encouraged since we hit the new
year. many described their 'best months for some time' during February and March. the upshot seems to be this
– vendors have reached their bottom price and buyers
are now willing to meet them. most sellers who had to
get out of the market come-what-may have done so. If
not, they have found alternative strategies and decided
to hold onto their dirt until the next upswing. Buyers
who were putting in substantially discounted offers
on properties are finding there is now limited but real
competition. as a result if they want to secure some real
estate, they do have go beyond their ridiculously low
dream price and get a little dose of reality. the outcome
has been more sales volume but prices remain flat. For
example, sub $1m in good locations is doing just fine and
if you’re a first home buyer within 10 to 15km of the CBD,
then you’ll probably find there is a little more competition
to secure some real estate."
HTW Month in Review
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