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Don’t Miss The Peak – The 2015 Market Is Coming To An End

By Danielle Banton

I should have, I would have, I could have…

Procrastinating is the biggest mistake that many vendors and sellers make in the real estate market. They leave their run too late. Ray White Double Bay was elected the number one office nationally for the group and took the second spot internationally within the Partnership. Jumping on board with the high achieving team has never come at a better time. We see too many people reflecting on what was and what could have been after an event; and in many instances they kick themselves that they didn’t take advantage of having a leading team and bullish market in alignment.

Although all good things must come to an end and for those who are not involved in markets or real estate matters to the extent where they reflect the period of increase in value adapting and ending, we urge you to recognise this time now: as it always does eventually end. When you look at a graph, the high point is just that, a dot in the whole equation, whereas the rise and fall take much longer and are harder to anticipate or realise.

So Don’t Procrastinate.
Right now is the time for those that have been waiting for so many years to capitalise on their investment or their home.
Not too long ago all these boxes had been ticked:
• Interest rates low
• Steady government
• Dollar dropping
• Encouraging overseas investment
• International buyers and expats seeking good real estate
• Job security at its highest level

But times are changing. With a newly appointed Prime Minister and the Chinese investment is waning amidst a struggling Chinese economy that has sent shockwaves around the globe. According to NAB’s latest Australian Consumer Anxiety Index consumer anxiety has risen because of cost of living pressures and worries over job security.

Real Estate Will Always Be The Best Investment In The Eastern Suburbs…
But when you look at these developments, it becomes obvious that things are going to change now. The real estate market might be able to sustain its growth for a little while longer, but certainly the sting will come… With decreasing values we will also see changes in income and rents might therefore alter and slow down a little bit.

As we are now into October, this leaves us less than 5 weeks to list and market your property. So again, don’t procrastinate and leave your run too late or list when everyone else does as well. I have a saying that I tend to follow and I encourage my clients to do the same:

When Everyone Is Zigging, You’ve Got To Zag.

So in this instance this means: It’s time to list and take advantage of the current market and the run down towards the end of the year.

There are normally a myriad of things to be done when listing and selling a property.
• Presentation: a vital aspect that takes time to arrange and organise
• Legal requirements: various paperwork that can be more complicated with renovations or dual ownership
• Documentation: relevant material must be organised prior to the property going on the market e.g. authority to sell

Our team is committed to making the process seamless and easy. Contacting us early will give us the ability to assist you with every detail of the sales process. We have a structured agenda and educated checklist of items that need to be addressed before putting your property on the market. It is a detailed approach and gives everyone maximum opportunity to get the highest possible result!

We are looking forward to hearing from you and discussing all your real estate needs with you.

Warm regards,
Michael Finger

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