The property market is heating up! Will it continue?

The property market is heating up! Will it continue?

If history has taught us anything, it is that February is the month that is most competitive for buyers. But if you are thinking of buying a home, it is fair to consider buying now rather than later. It has been proven in the past that the market always eases towards the end of the year & the beginning of the next. Between these times only the most serious buyers will still be looking for properties to snatch up. But since December 2020, property values have taken a huge spike leaving buyers, sellers, and agents on the edge of their seat.

Record low-interest rates, government incentives, HomeBuilder, and the first Home Loan Deposit Scheme are all a huge contribution towards the increase of the property market. Buyers & homeowners can expect the price of homes to go up and down, but so will the choices. January has tested real estate agents across the Gold Coast and Southeast Region and although the market is reaching record heights, agencies have a shortage of stock.

So, if you are planning to buy in the next month you will need to be prepared to compete with other buyers. That means being readily available to attend inspections, open homes, having the finances ready to go, and making reasonable offers every chance you can. Unfortunately, there isn’t a crystal ball and no one can fully predict what the market will do in 2021, however, something we know for sure is February will be a huge month for Selling and buying.

Contact us at Professionals Burleigh on 07 5669 2940 if you would like help to negotiate the current property market.