While it’s easy to fixate sometimes on the negatives, it’s important to remember the reality of the real estate market we find ourselves in. Now that we’re in a more balanced market, it’s clearer to see just how phenomenal 2021 was, but it was a market that was far too fast paced for many buyers to be able to participate.
With continued media coverage about what interest rates might do next, you could be forgiven for thinking there were no buyers; however, our Loan Market pre- approval figures are showing an all-time high number of applications in the system. The buyers, it would seem, are very much still in the market.
The summer holiday period provides some much needed rest for so many of us, but the break from the rat race also provides the opportunity to think, dream and plan what the next move might be. Many real estate plans are hatched across the lazy days of summer. Life gets reviewed, change of career, change of city, time to upsize, time to downsize.
While traditionally we see a dip in real estate listings over the Christmas to New Year week, this year may be different. Many of the real estate portals are advertising high traffic numbers as holiday makers have time to browse for their next dream home while the demands of work take a back seat. New listing numbers are down against this time last year, meaning there will be more buyers per property than at this time last year. Perhaps launching your property to market during the festive season may be the best way to bring in the new year!
