FEBRUARY EDITION
09
At the moment , despite our expectation of a lift in new listing numbers , buyer demand is still outpacing new stock additions . Demand is expected to remain strongest from first-time buyers and upgraders , many of whom are spending money on a house they might otherwise have used on overseas holidays .
• JobKeeper and JobSeeker support is set to be wound back in March ;
• The international border remains shut ;
• Unemployment tipped to significantly rise ; and
• The number of properties for sale over 2021 will increase and create more choice for buyers .
What we do know is market fundamentals right now are helping our clients who are looking to sell . Our data tells us that our auction clearance rates kicked off 2021 on a high note and we call 25 per cent of all auctions nationally . There ’ s a deep buyer pool for sellers to take advantage of right now . Our question remains , “ What are you waiting for ?”
“ The rise in housing values is occurring against a backdrop of low advertised supply and rising buyer activity .”