The property market is probably one of the best I have known at this current time. I have never liked buying in a ‘boom’ or ‘bust’ market. Whereas now, we have what, I would a conservative but healthy recovery in the second half of 2012. The results from October 2012 were very clear. A recognisable lift occurred followed from yet another interest rate cut by the RBA. Thank you! Yes, it was much needed. The real test will be the February and March markets, which traditionally are good months of the year. If this recovery continues, then I believe we will see a continuation of Vendors being grateful for a realistic sale, and purchasers who are grateful to be securing a property at a realistic price; which the banks will support.
This October lift saw a lot of old stock being cleared and new stock coming in to take its place. I believe we will see this type of sentiment flowing into this current year with some nice signs of healthy growth towards the middle and later parts of the year as consistent market sentiment continues.
At Solid, our challenge remains the same. To source the best property, in good locations, at the right price and in turn secure the best rent possible.