The election is over - time to move on everyone
Well now the election is over and things like negative gearing is off the table it's time to move on with life and start investing again.
Yes we have the worst stock levels in 20 years, and yes the market is strong, but there is always opportunities moving forward.
There is a whole lot of stock going to come on in spring and flood the market, I doubt that will happen but if 30 percent more came on I think things might soften a little.
The main problem we have at the moment is that no one is prepared to sell before they buy in fear of being locked out of the market because of extremely low stock levels. So it becomes a Mexican standoff and therefore no one does anything. Plus throw an election in there and this compounds what is already the tightest stock levels in twenty years.
PK's Property Market Predictions
All these buyers from the beginning of 2016 will all be backed up ready to pull the trigger in spring, but i really don't believe that there will be enough stock to satisfy their appetite.
Over the last five years the stock is just getting lower and lower in certain areas every year, and I don't see this improving in the near future, actually I see it getting worse.
But if I am wrong and stock levels bloom in spring, there is no doubt the market will soften around the edges and opportunities will arise. I won't really have a good handle on what stock levels are coming on in Spring until late August but will make sure everyone is updated as soon as this information arises.
PK's Hot Tip
One of the advantages we are giving our clients at present is the opportunity for us to find them silent sales, that is properties off market not advertised. If you would like to have an edge in this current market feel free to give one of our buyers agents a call today on 99601066.
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