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How Is The Real Estate Market Shaping Up in 2019?

By Tamara Lloyd

Firstly, Happy New Year! Hopefully you had the opportunity to have a bit of a break and catch up with family and friends over the Christmas and New Year period.   There’s a good chance during your catch ups that the real estate market came up as a topic of discussion – as it often does at gatherings (or maybe that’s just because I’m a real estate agent), so I thought it prudent to give you a feel for things.

Let me be honest, the last couple of months of 2018 were a bit of a challenge – in hindsight this was to be expected given there has be a shift in the market and everyone including vendors and agents were having to adjust.

The good news is that 2019 has started off with a positive vibe. The open home numbers have picked up on late last year with a fresh set of buyers coming into the market. It also seems that many buyers have also started to understand that with a shift in the market comes opportunity. For those buyers selling and upgrading this is the best time to do it as the financial gap in the upgrade will be less that it would have been in the peak of the market.  First home buyers are also in a much stronger position to buy at the moment.

We are finding that with new buyers coming into the market many homes that did not sell prior to Christmas have now sold which is great news for theses vendors.

With the success of our “In Room Auction” campaign in December we will now be rolling out 6 In Room Auctions throughout 2019 which will be conducted at Sage Hotel in Ringwood. We will look to take around 10 properties to auction at each of our In Room Auction nights. These nights offer sellers another alternative to the traditional auction campaigns and are often less stressful for vendors as they’re not having to get the house ready for auction day.

If you’d like to find out more about the current market and value of your home, or discuss the in room auction process please feel welcome to give myself or one of my experienced team a call.

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