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Summer has been and gone and we now head on into the middle of the year. So whats been happening in real estate? Buyer enquiry has been good with strong interest for established properties in the lower end of the market being under the $300,000 mark. There are a variety of buyers in the market with owner occupiers, investors back looking again and small amount of first home buyers. The middle sector of established properties has had steady enquiry with buyers being very selective and price driven. There is still a fair bit of stock on the market in this area. Then we look at the higher end of the market which still has a large supply with slow activity but a few more enquiries then normal I am finding.
Vacant land has a lot of stock on the market with lifestyle blocks being the most sought after. Some upgrading is happening here so buyers are selling up to construct new homes with building approvals at a steady rate for most of 2015/16 financial year.
Properties in close to the CBD have been requested but within certain budgets and some buyers are chasing properties with a land component in which then they are looking at areas on the outskirts such as Lower King, Kalgan, Robinson, Willyung etc. Overall there hasn’t been any massive booms or major drops which allows for a normal and steady market of buying and selling.