Spring Is A Great Time For Property Buyers BUT Not For Sellers

Thought you might be interested in the latest comments from Terry Ryder (www.hotspotting.com.au)...

 

The arrival of Spring brings with it the usual rhetoric from agents about this being the best time to sell – with auctions, of course, the best method.

There’s no evidence that Spring is any better than other seasons for vendors – and last year Spring was the weakest selling market of the year.

But many people accept the propaganda about Spring and so we are likely to see even more properties for sale across Australia.

We already have more homes for sale than at any time since early 2009 and the number has risen steadily this year.

The over-supply of homes on the market, coupled with the lukewarm interest from buyers, explains why capital city prices (on average) have fallen this year.

All this adds up to opportunity for property investors. The current buyers’ market is set to favour buyers even more, as people list homes for Spring. With interest rates stable and the coming resources construction boom set to re-ignite the national economy, Spring shapes as a good time to buy but a lousy time to sell.

 

Terry’s commentary supports our opinion that there are some fabulous buying opportunities right now.

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Cheers

Garry