20 February 2013

Market gathers pace Momentum is building in the property market with a spike in auction clearance rates and growing levels of activity. With consumer confidence at a two year high and the stock market surging above 5000 for the first time in almost three years, the full effect of last year’s interest rate cuts is gaining traction as improved borrowing conditions bring more and more first home buyers back to the market. As we head towards autumn there are some strong auction weekends forecast with 900+ properties expected to go under the hammer each weekend in late February and early March. Meanwhile, we continue to see pent-up demand in many Melbourne suburbs as buyers across the middle and upper price ranges wait impatiently for more properties to come on the market. Sellers, it’s time to make your move. Don’t let the momentum pass you by – call us today for an obligation-free market appraisal and hear what we can do to achieve a great result for your property.

Greg Hocking