By Charlie Bellow, Grange Realty Group A number of clients have recently asked me whether they should put their houses on the market now, or wait until next year. Of course, they are looking to maximise their sale price, and my advice varies from client to client depending on their particular situation. Generally, we find that there are buyers actively looking for homes all the way up until the end of the year, and our office has been known to sell properties right up until Christmas Eve! |
Currently, housing stock levels in the Perth metropolitan area are relatively low, sitting at 15,572 - which is down from 16,862 last year (REIWA). This is a positive if you are looking to sell your property, as it will be listed against less competition.
We tend to come across a number of singles, couples and families looking to purchase a new home before the end of the year, as they will be tied up with the Christmas period and family holidays well into the new year.
The alternative, is to wait and see if the property market improves in the new year. Most media outlets are reporting slow and steady growth for the Australian property market in general, with the Eastern States property markets, particularly Sydney and Melbourne, having reported median price growth rates as high as 64% and 44% respectively.
There have been reports that we have seen the worst of the decline in Perth property prices and rental returns. Key indicators that the market will improve include growth in the Western Australian economy and jobs market - particularly before interest rates start to increase. Based on current market indicators, the experts believe the market will remain steady over the next 12 months.
If you are looking to sell this side of the year, be sure to get your home on the market by early December. If you decide to sell in the new year aim for mid-January. Either way, happy selling!
For further information, property tips, or for an obligation free appraisal contact Charlie Bellow 0423 838 277
We tend to come across a number of singles, couples and families looking to purchase a new home before the end of the year, as they will be tied up with the Christmas period and family holidays well into the new year.
The alternative, is to wait and see if the property market improves in the new year. Most media outlets are reporting slow and steady growth for the Australian property market in general, with the Eastern States property markets, particularly Sydney and Melbourne, having reported median price growth rates as high as 64% and 44% respectively.
There have been reports that we have seen the worst of the decline in Perth property prices and rental returns. Key indicators that the market will improve include growth in the Western Australian economy and jobs market - particularly before interest rates start to increase. Based on current market indicators, the experts believe the market will remain steady over the next 12 months.
If you are looking to sell this side of the year, be sure to get your home on the market by early December. If you decide to sell in the new year aim for mid-January. Either way, happy selling!
For further information, property tips, or for an obligation free appraisal contact Charlie Bellow 0423 838 277