Dear Margaret We get asked this question every single day. Is the market going to keep booming? Buyers want to know if they should wait for prices to decline and sellers want to know if there is going to be an even bigger pay day around the corner. The only thing we can guarantee is that the market is at it's highest levels for a decade right now and lets explore some facts: 1) Stock levels of homes for sale increase every year from August 2) Interstate migration continues to be strong 3) More lockdowns are possible Do these points ease your mind on whether to buy or sell today? Probably not, but here's my BIG tips. Homeowners - Do not try and ride the wave because no one knows we have reached the peak until we've started to decline. If you want to sell, then list now before stock levels increases and creates competition. Buyers - Stick to your budget and act fast when the right house comes along. Stock levels should increase in spring but so will the competition from other buyers and if there's further lockdowns it will make it harder for you to actively shop around for the right place. Are you wondering how these market conditions are effecting the value of your home? Click here to find out the new value of your home Regards Brennan Hill |