As predicted the 2019 new year real estate market has a fresh vibrant vibe in the air. Both physically on the street with good open home attendance and online enquiry are showing positive activity, even with a hint of determined decisiveness!
Backing the new year market, we have prepped a number of listings to launch early to mid January, which to date is proving to produce the desired level of enquiry. Often with less stock on the the market immediately over the Christmas – New Year period, being that “first taxi off the rank” is a smart thing to do in the realm of real estate marketing. This equates to heightened interest in the limited available stock from a buying public hungry for new listings.
It’s also worth noting that the Reserve Bank’s reduced LVR restrictions have come into effect from 1 January. This means that banks will now be able to lend 20 per cent of their new loans to owner-occupiers who have a deposit of less than 20 per cent of a purchase price – up from 15 per cent of new lending. The required minimum deposit for investors has now dropped to 30% from 35%. It’s foreseeable that these changes will bring a new batch of buyers into the housing market.
Being intuitive to the marketplace and seasonal trends is something we like to pride ourselves with, meaning we can be on the front foot when tailoring a marketing package with our clients who are looking to sell.
We believe the advantages of the new year market are many, so if you would like to strategise a specific plan to maximise both your property and the current market over a cuppa, be sure to make contact. We’d welcome the opportunity to offer specialised strategic advice to ensure the best possible result. We’re ready to get to work!