Dear Margaret

You might have heard on the news that the real estate market is changing?

Well, that might be the case however there's a huge BUT.....

Firstly, there's no real sales data coming out of SEQ yet showing a decline in price.

Price generally isn't the first indicator of a changing market though. Normally the first sign is the number of buyer inquiries.

On the ground, I can tell you that buyer inquiry has reduced over the last 30 days however this is normal following an election AND in June tax time and might not necessarily be related to changes in interest rates.

The most important factor for everyone to consider is the number of homes for sale and at present stock remains low.

So what does this mean for you?

Sellers - There could be more stock in the future to compete with your home so it might be in your interest to get your home on the market now while there isn't as much competition.

Buyers - Indicators suggest interest rates will continue to rise so it might be in your interest to secure a home now before the rates go up further.

If you have any real estate needs get in touch anytime.

Regards

Brennan Hill