Spring Season – Real Test For Prices

It’s well commented on that Spring is the time that the Real Estate market becomes the most active in terms of new listings and buying activity across pretty much every state.

It’s the time of the year when the garden presents the best and the weather sees buyers coming out of winter hibernation, so sellers think they are going to get the best results during this time.

Watching the weekend papers, especially the Sunday papers and the weekly auction results are going to provide us with an indication of where the marketplace is at and in what direction we are going to see prices move over the next six months.

Some commentator’s are indicating that interest rates may increase by another 0.25% in November, which may slow down growth in the final stages of the year, whilst others  are stating ‘rates on hold’, which could bring some confidence for more buyers in the market leading to higher prices, but we don’t expect to see prices rise  as dramatically as they have done in the past 18 months.