Real Estate News

Spring Surge Predicted

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Spring Surge Predicted

After a lull during the winter months all the indicators are present for a positive market surge as we move into spring and summer according to RE/MAX WA managing director, Geoff Baldwin.

“Historically the Spring period see the market improve and there is little doubt this annual cycle will repeat again however there are several other influences that are likely to create extra pressure this year”, Mr Baldwin said.

“Record low interest rates, affordability at it best since 2007, more listings expected to come onto the market and a resurgence of investors are all add up to increased sales and upward pressure on prices.

“People who are considering selling to upgrade and first home buyers are unlikely to see a better time to take action than between now and the end of September if they want to avoid paying more.

“Upgraders who are holding off for a higher price must also remember that the home they will be buying will also be more expensive if they decide to wait.

“Most informed projectionists are in agreement that Australian property prices are as low as they are likely to get and although no one is predicting boom conditions people who buy now will almost certainly benefit from significant gains over the next few years”, Mr Baldwin said.

ENDS

Media contact – Geoff Baldwin - 0413754414

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