News that might suprise you

I’ll start this post with news that might surprise you - we have had a good turnover of properties throughout the month of July which is really great but it certainly goes against the general market analysis. Overall I agree that it’s a disappointing market out there for vendors right now.  Sure July and August are always slow months but I have a feeling it could get worse rather than better as we head into the usually busy Spring selling period. 

At the moment with many of our clients we are working through scenarios to help them make the right decision about whether now is the right time to sell their property. As I’ve said we are achieving results for clients but those clients are going into the process with clear and realistic objectives. It reflects the fact that there is an increasing level of sophistication to the domestic homebuyer in Australia these days.  We’re all conscious that the debt crisis in the United States and the ongoing economic problems in Europe have the very real potential to negatively affect the Australian economy. 

 It is undeniable that the situation in the US right now is causing nervousness that is being felt by buyers and sellers on the streets of Pyrmont and Crows Nest as they enter our offices. So while on the one hand tomorrow potential investors will be trawling through the Saturday real estate pages they will be doing so with one eye also reviewing the latest developments in Washington.