It wasn’t that long ago that the media was forecasting doom and gloom for property sales and that Australia’s housing markets could fall up to 30%. Despite these predictions, the outlook for Australia’s property markets are set for a much softer impact than projected.
Although the economy has taken a beating, the NAB Brisbane Housing Market Update for July indicates that price falls will likely be modest, and much smaller than predicted at the height of the COVID-19-related shutdowns.
In fact, so far the property markets have remained resilient, recording mild value declines. Brisbane saw only 0.4% decline May to June 2020. A variety of factors have helped to protect home values from more significant declines, including persistently low advertised stock levels and significant government stimulus. Additionally, low interest rates and forbearance policies from lenders have helped to keep urgent sales off the market, providing further insulation to housing values.
Watch the latest Housing Market Update for Brisbane. The housing and economic data is derived from the CoreLogic Hedonic Home Value Index for the month of June, released in July 2020.
Despite such uncertain times Clark Real Estate has recorded strong sales in May, June, and July for our clients.
What is driving these results?
· A shortage of stock and sustained levels of demand from buyers.
· A Sales Team that has experience in guiding sellers through turbulent times
· Trained and skilled negotiators with a track record of 98% list price to contract price negotiation success
· Ability to tailor a strategy that best fits your property and your needs
· A list to sell ratio of 100% for the past 3 months
· No Up-Front Costs, Pay Only When Your Property Is Sold
Spring is traditionally a period when people list their homes For Sale. During these uncertain times, you may consider getting ahead of the upcoming listing spike and capitalising on the shortage of competition before this flood of listings occurs.
You could benefit from listing your property now while there is confidence in the market.
For a free, no-obligation discussion you can contact us via phone or email on 07 3256 1600 or sale@clarkrealty.com.au
