Jellis Craig Bayside Glen Eira August Market Update
Hello and welcome to the August edition of our market update. It’s been very pleasing to inform you of the positivity and signs of strength we have been seeing in the market in the last four months.
Each week we see more and more evidence that this trend is set to continue. The key issue remains the low stock across the market which is driving buyers to consider new areas as they search for their ideal property.
High levels of buyers’ engagement coupled with low stock levels are the two main factors that are rewarding those vendors that are currently in the market.
Potential vendors are considering this as the sign for them to enter the property market as well. The stock level could increase, however not enough to satisfy the current buyer demand and competition that we are witnessing.
If you are considering moving then some urgency will keep you in the best position to capitalise on the current high demand.
Committed buyers seem to have more confidence when it comes to making a decision and this is often the difference between winning and just missing out with auctions and private offers. We are witnessing that those that are uncertain are easily missing the opportunity due to the high competition.
Like most things in life, it’s about having the right mentality and focus on what you want to achieve.
Every situation is different and understating how you can get ahead in the current market is as simple as having a quick chat to us about your potential plans.