Quarterly Property Market Update – January 2014

Based on Reported Auction Results*

2014 Set To Maintain Trend

Happy New Year to current property owners and future home buyers.

Following on from good percentage successes in the last quarter’s auction results, we are expecting another solid twelve months in the housing market. What was impressive in this high level of outcomes, was that the three month spring period included three weeks of auction offerings well in excess of 1000 properties. This is big when it comes to volume and the market absorbed it well.

The rental market has been under some pressure in recent months with the increased number of investor buyers coming into the market place. Yields have dropped slightly and some properties have experienced longer periods in finding tenants. Having said this, these changes are not unreasonable in a market where interest rates are so low and availability of rental accommodation is increasing. Clients may wait a few weeks longer, but well located properties with fair rental expectations are not waiting too long to find suitable tenants…. The benefit of buying in a quality location is demonstrated once again.

Good health and happiness to all in 2014. If you would like our assistance with your property purchase this year, please call us to discuss how we can help you.