The Blog

February - April 2019 Suburb Snapshot

So welcome to the new format Purple Property Report - we hope you like it! We’ve tried to make it as easy to understand as possible and cover all bases in terms of a snapshot of property info you would want to have. We’re still in the BETA stage though so we’d love any feedback you may have on additional info or other suburbs within the area you’d like to know more about! How is the Market? The age old question - While we are hearing on the media and from the industry that it is a slow market, tough market, buyers market etc etc...We consider ourselves to be in a NEW market. Buyers and Sellers have never been more informed. There has never been a time when so much information is available at your fingertips. But all this information can actually make it harder to understand. What. Is. Going. On! Unfortunately with all the conflicting information out there as to whether it’s going up, down or sideways we’ve seen buyers miss out on the home of their dreams because they weren’t prepared to pay a fair price (we call this “it’s a buyers market” syndrome) but we’ve also had sellers miss out on the right price, because it came too early or they weren’t quite ready to accept the right price. We have seen some properties take longer to sell, but we have also seen properties achieve record prices in 1 to 3 weeks - in this New market. So how do you buy or sell in the New Market? The simple answer is, nothing has changed. Buyers: Research the market, get your finance ready to go and know what you want in a property. When the right property comes along, be prepared to pay for it - you won’t regret the extra $10,000 you paid to secure your dream home in 10 years time. We are still working with buyers that missed their dream home to another buyer and haven’t found the right property since. Sellers: The game is the same. Understand what realistic market value is before you head to the market. Prepare your property for sale. It’s often the last 1% of jobs on the list that truly make a property standout! Ensure your agent has the right strategy and marketing plan prepared to ensure that no stone is left unturned when it comes to finding the right buyer for your home! And that’s it! If you’d like more information on how to buy or sell well, feel free to drop us a line. And to the landlords out there. We are indeed starting to see some increased activity in the rental market out there, vacancy levels are down and properties are leasing faster so if you’d like more info on property management - let’s chat!