#vicparklife

#vicparklife

White picket fences and backyards with mulberry trees. Apartments and town houses and villas and everything in-between. It's got a bit of everything.

Market Musings & Observations

Loan serviceability requirements  for buyers  have relaxed – buyers can now borrow more.

Banks are aggressively courting customers.

Interest rates are trending down = mortgage repayments will be less.

Owner occupiers really are the only buyers in the market.

Investors are unicorns.

There is a lack of quality stock on the market seeing buyers now competing for the ‘good’ houses.

An oversupply of ex-rental investor stock on the market means owners must sell at a discount, or not at all.

Buyers from the mining sector are active in our market.

The Spring market is around the corner. Sellers are preening, painting and prepping ready to get the show on the road in the coming weeks.

Off market transactions are real. The best houses often don’t make it to the internet. Be proactive.

Facebook sells houses.

Yes, you should ‘dress’ your house for sale.

EOI = End of Interest

Use the Agent the most buyers trust. Not the cheapest agent, or the agent who quotes the highest predicted sale price.

It’s better to trade up, in a down market.

Sale prices matter. Change over prices matter more.

Houses don’t sell themselves.

The best buyers, buy the best houses, at the best prices.

Derek Baston
M: 0417 99 23 24

Vic Park Life

White picket fences and backyards with mulberry trees. Apartments and town houses and villas and everything in-between. It’s got a bit of everything.

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