We are starting to see a little bit more stock coming on to the market, however not as much as we would expect for September. Much has been written about the fixed rate mortgage cliff we are at and questions asked if the next 3 months will see a lot more homes for sale. Interestingly speaking to people we are seeing that if stretched they are selling investment properties not the family home.
So more apartments and smaller properties will come on to the market offering more choice for investors, first home buyers and downsizers. Counter to that I expect family homes and prestige properties will still be in short supply.
Did you know there are only 13 more weeks to plan for a sales or auction campaign for 2023?
If you are thinking for selling this year or would like an update on price for your place please reach out. We would love to help.