More than a third of homeowners are planning to sell their property in the next five years as historic-low interest rates and extraordinary buyer demand sends prices soaring.
9 News Adelaide
The best location in South Australia to invest in over the next few months is one of Adelaide’s largest and most affordable councils.
After hitting a 32-years high price growth mark in April, we can see that the Australian rapidly houses prices are going to ease down. Dwelling prices in Adelaide are started to slow down a little bit.
According to Tim Lawless, “the pace of capital gains, which is still quite rapid, could slow further in the coming months as the volume of houses on the market increased and affordability constraints dampened housing demand”.
Momentarily, we might start seeing rebalancing in the buyer’s and seller’s activity in the market. With the rise in the supply level, we can see the affordability constraints in the demand of the buyers, considering first home buyers will not be available in the market soon.
“At the moment we’re seeing home selling in record time, as we start to see new listings coming back into the market place those indicators might start to ease as well, “Mr. Lawless said.
This will be great news for the sellers as it will improve the confidence in the seller’s mind and the prospective sellers will be more motivated to enter the market.
If we look at the nation’s wide market, all the smallest cities recorded double-digit annual price growth with:
- Adelaide – 11% increase over the past year.
- Hobart – 13.8% increase over the past year.
- Canberra – 14.2% increase over the past year.
Benefits of selling your house in Autumn.
- Buyers are active.
- Superb weather.
- Competitive price.
These are just a few things on the checklist to increase your chances of selling your house.
Our Sales partner will be able to help you through an autumn sale, giving you tips to attract more buyers and achieve the best results for your home.
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