With the clearance rates coming in at 48.7% over the weekend, the media have all jumped back onto the sensationalism band wagon and given our property market a bad wrap, yet again.
However, with A Grade properties we are negotiating on at the moment, we are coming up against some extremely fierce competition. Up to 10 contracts out, agents not accepting offers, the list goes on.
In the current market, it's so important to hone in on the exact property type and location that you are buying and selling in. Break down the area as per below, the property type and even exact location. Then look at what has transacted over the past 3 months.
It's all about timing at the moment and knowing when to strike on a property. Timing could cost you tens of thousands of dollars. For independent advice or to have a professional negotiate to get you the lowest possible purchase price, please contact our team today on 02 9960 1066 or enquiries@pkproperty.com.au.
**Dr Andrew Wilson, Chief Economist at My Housing Market