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Taylors Estate Agents - Performance
Thursday, November 08, 2007
Our market has been performing particularly well over the past few months as the busy spring season has been in full force. We’ve been seeing impressive results right across the board, strong capital growth, increasing auction clearance rates and high numbers of people in attendance at open homes. This is indicative of the pent-up demand we’ve been experiencing in the market, with many buyers still out there who have been looking for quite some time and are willing to pay above the odds to secure a home.
The interest rate increase to a base rate of 6.75%, which was announced by the RBA on November 6, is likely to impact upon the market, as is the uncertainty created by the up-coming election on November 24. These factors, along with the traditionally quieter time over Christmas, should see the market cool off slightly over the coming weeks.
However, the good news is that we’re already listing properties in preparation for January auctions and private treaty sales. So if you’re still looking for a home and don’t find anything to suit before the end of the year, don’t be discouraged – 2008 is shaping up to be a busy year, supported by our new name, fresh new branding and the latest technology.