The Last Few Months Have Seen The Port Macquarie Property Market Regain Its Mojo
With demand for real estate seemingly ramping up as we roll on to the end of the year, it seems every new listing is attracting strong interest.
Buyers are keen to take the next step in their property journey. Likewise, sellers are considering where they’d like to be in 2020. It’s that time of year.
We’re very aware of the lack of real estate stock currently on the market, and demand for available homes is pushing prices up. If downsizing is in your future plans, it might be time to put those plans into action!
For downsizers, the current market presents a rare alignment of the planets. Buyer demand is strong, finance is cheap with interest rates at their lowest historical level, and the options for growing families are limited. You may very well be sitting on one of those few options right now.
First home buyers are also active, upgraders likewise, and now we have a new wave of investors mobilising. But while quality properties are most definitely in demand, buyers are seeking value in terms of both what they’re willing to pay for property, and what they’re willing to pay in finance costs to buy property. They are keen and willing to transact so long as the numbers stack up.
For sellers, this provides a clear course of action. Now is the time to seek the advice of an experienced local agent and set a fair price that will attract a larger buyer pool. Then you can let the competition among buyers for your property do the heavy lifting in terms of seeing the best price achieved.
With the scene for summer now set, the market can be expected to continue to perform well into the new year.