As we've been telling our clients, it's a really good time to buy! With a lot of people holding off, there will be an influx of people coming into the market all at the same time - forcing competition and a sentiment shift. As we can see from these clearance rates, the market has been hovering around the bottom in certain areas and we believe we've seen the worst of the property price fall.
Once we have the Federal Election, people are going to start making a move as we will have a clearer idea of what changes will be implemented that for our property market. Don't wait around and watch what happens - buy now!
If you need independent advice on a property's true value, contact our team of experienced Buyer's Agents today on 02 9960 1066 or enquiries@pkproperty.com.au.
**Source: Dr Andrew Wilson, Chief Economist at My Housing Market
