A lack of confidence breeds uncertainty and inaction.
If you are worried that the property market is slowing, here are some signs that may indicate that the market has reached its’ peak:
- Falling Auction clearance rates
If rates keep falling every week- it may be a real sign of people getting jittery
- Properties selling pre-auction
Savvy agents, who recognise the market is slowing, will push very hard to sell properties before they go to auction
- Fewer people at Open Houses
Well this is self explanatory
- Falling attendance at auctions
You don’t need to be a rocket scientist to know what this means
- Vendors prices don’t match the market expectations
Vendor price expectations are often ahead of the market but in a boom, the market rises to meet them, over the lead up to the auction. When the market slows, this disparity can look like a gaping wound.
Right now, we are heading into winter in Australia and the expectation is that the market will slow.
While we wait for normal market conditions to return, investors should look for quality stock in good areas, with consistent capital growth. Confident buyers can capitalize on opportunities that are other dithering investors, are passing up.
Our goal at RealRenta is to help you get more out of your Investment Property.
The RealRenta platform will make managing your own property, EASY and STRESS FREE.
Tell all your friends and family with Investment Properties about us- they will love it!
Use RealRenta for Free for up to 2 months Now!
