It’s a common belief that spring is the busiest and best time to buy and sell property. And most years this is true. However, last year, spring was not the huge selling season it normally is due to the extended dry weather and shortage of stock on the market.
Late last year there were increased numbers of people wanting to buy but not the equivalent amount of properties available for sale. This assisted with the sale prices for those people who did manage to sell their property prior to Christmas.
Late last year many potential sellers were concerned about the dry weather conditions and holiday period so they put selling in the too hard basket. Over the holidays, owners often work on their houses to get them ready for sale.
February is a great time to sell as we’ve now had some good soaking rains which have improved the presentation of everyone’s property. Many sellers are keen to get their house sold before April which will be busy with Easter, Anzac Day and school holidays, so most people will want to have a contract in place before then.
The buyers who missed out last year are still looking, and many new buyers are hitting the market after making New Year resolutions to upgrade their home. Many buyers are keen to take advantage of sustained low interest rates, including smart investors.
Reports from Sydney and Melbourne indicate property prices have started to move upwards again, so we may see a flow on effect on the Gold Coast as well.
All of these factors combined will result in a lot of property sales in March. At LJ Hooker Mudgeeraba we have noticed a large increase in the number of buyer enquiries this month. If you would like to find out how much your property may be worth this ‘spring’ contact Karl Grossman on 0413 723 288 or firstname.lastname@example.org now. Take note, February is the new spring!