February 2022 Newsletter

Professionals Gosford Uncategorised 7th February, 2022 No Comments

Regional NSW leads in price growth – 36%

Housing demand is high, new listings are increasing

Demand for properties for sale remains heightened and in excess of the supply of properties available for sale. The recent lift in new listings allow more of these buyers to find a home.

How large is the next wave of buyers? We believe this next wave is likely to be big, but not as large as the current one, so that should result in a better supply and demand balance.

Don’t sell “Off Market”

The major drawback from a seller’s point of view is that the competitive nature of an ‘open market’ sale is unlikely when selling off-market which will impact on the result compared to listing on the open market.

Selling off-market for a good price in a boom is relatively easy, however, in a boom market, the difference between a good price and a great price can be tens of thousands of dollars, if not hundreds of thousands.

Ask an agent for advice

If you want to squeeze every cent out of your property you can, it’s best to arrange for a local agent to have a walk-through of it so they can offer up advice about exactly what they would recommend should or should not be changed.