In the current market, buyers have plenty of opportunities to find their ideal property. Stock levels are high so buyers THINK they can afford to take their time when making a buying decision with these conditions especially those upgrading their property.
We’ve seen a shift over the past two years with sales volumes and consumer and business confidence lower than in previous years and this has had impact on the market.
We’ve also seen property prices moderate as the resources industry moved from a construction phase to a production phase, reducing workplace participation.
reiwa.com data shows that the median house price for the Perth Metro Region for the year to February 2016 is $540,000 and sales volumes are at 22,547.
Changes to the First Home Owners Grant now only offering a Stamp Duty FREE entry point of only $430,000 has had some impact on where first home buyers enter the market. With the Grant offering $10,000 now only for new house and land buyers, first home buyers are more reluctant to choose an established property for their first home.
While buyers have plenty of choice in the current market, those hesitant to purchase thinking the market will fall need to be cautious. All signs are indicating an improving market, like the improved sales volumes since January so these could be signs the market is at, or close to, the bottom of the cycle. If the market turns, then buyers are suddenly faced with, once again, having to make compromises in choosing their perfect property as prices rise through competition.
My advice to buyers would be: When you’ve found a property of interest and are ready to put in an offer, simply consider and put your focus into your own personal affordability. This will ensure your making an offer on the right property, that suits your requirements and meets your budget. STOP looking at properties you can’t afford as this is simply delaying the process and keeping you out of the market for longer than is necessary. Also sellers aren’t interested in your desires to revamp the kitchen and rip out the lawn to change it to artificial because it’s more water friendly….. That’s your choice NOT there’s! So they aint going to accept your offer of $50k below asking price. Be realistic, Be sensible and the experience will be a memorable one
Suzie D. joins the Agency with over 20 years in Sales and Marketing experience. She has the key to unlocking your homes selling potential which starts with her uncanny ability to achieve the unexpected.
When Suzie’s extensive marketing and sales background are combined with her world class customer service skills, data base management, focus & commitment to deliver… her vendors homes are primed to maximise value and exposure.
Having grown up on the borders edge of Fremantle and to now living an Adult life in the Cockburn Corridor, Suzie has an extreme appreciation and understanding of the local areas and what they have to offer a buyer, from amazing beaches, to the best coffee shop and restaurant or where to take the dog & kids for a run – she got the know!
Suzie continually exceeds her clients expectations with her highly developed negotiation skills being instrumental in achieving premium prices in any market.
“Selling your property can be stressful, so it’s essential to choose an agent who will make this experience easy for you. This is where my experience and market knowledge come into play. I approach the selling of your property with sensitivity, consideration and professional competence”.
Friendly, approachable and incredibly hard working, Suzie D’s tenacity and intelligence have secured her a reputation as one of the very finest agents working in the Fremantle and Cockburn Corridor of real estate today
