Sellers are making buzz in real estate market in Adelaide

By Rishabh Dhall

Sell your home Adelaide – this phrase can be seen everywhere in the media in the last few months. So why are so many property owners deciding to sell their homes? Are they afraid of the consequences of owning real estate after the changes to negative gearing and capital gains tax, or do they just want to finally cash out? And what about all these For Sale signs, do they mean that property values are falling or that the housing market is picking up? We look at some recent data, as well as some important factors you should consider when selling your home in Adelaide.

There are many reasons why people decide to sell their home

it’s too big, too small, they need to downsize or they’re simply tired of it. But what is causing more and more people to put their homes on the market in Adelaide right now? It could be one of three key factors. They could be selling up because… as the rise in the interest rate will impact negatively on some homeowners, the expected prices would be difficult to achieve. Slowly the market will turn from panic buying to panic selling.

The property market in Adelaide

The property market in Adelaide has seen a significant boom in sales activity. This is due to various factors including low interest rates, population growth, and high employment, which have increased buyer confidence. Real estate prices in Adelaide have climbed up and views per listing have increased by a whopping 58 per cent, making it one of Australia’s strongest capital cities for price growth.

A motivated seller and buyer can save thousands on a property transaction

Though you may think that a motivated seller and buyer will be bidding against each other they can help each other out by improving their offers. There is no perfect time to sell your property. You can put it on sale now or next year; people need a place to live now, regardless of seasonality.

What are you waiting for, move quickly to take advantage of all the great deals available now?

If you have been thinking about selling your home, now is a great time to do it. Why? Well, it’s always a good time to sell if you have an active buyer market such as Adelaide. At present, there are over 400 buyers registered on our platform and we expect those numbers to keep growing. That means hundreds of potential buyers waiting for homes for sale in Adelaide – just like yours!