What an incredible two years we have just experienced with Australian real estate now recording it’s third-fastest annual rate of price growth, once we count for inflation, in 140 years. History is also a great lesson for the future, and it has shown that for over 140 years there is a clear pattern of a real estate cycle, approximately two years of strong price growth followed by two to two and a half years of price correction where property values decline, followed by approximately three to four years of flat line market where prices neither rise or fall.
It’s no surprise with a divisive federal election upon our doorstep and due by no later than mid-May and with banks already increasing housing interest rates that after two years the strong price increase cycle has either come to or is coming to an end.
Wisdom would tell any prospective seller that you want to get ahead of the game.
There are already reports confirming that the real estate market is slowing and these reports of course are reflecting what’s happened already in the past couple of weeks. These are yet further confirmations of the changing nature of the market.
It’s with this in mind that we present sellers here on the Gold Coast with a golden opportunity to take advantage of the Autumn Selection, off the back of the huge success of The Event in January, where 146 properties listed for auction and generated record sales of 164 million dollars. The Autumn Selection is the next ideal opportunity to capitalise on this current market. The autumn selection has been designed to avoid and to get in front of the awful divisive media blitz that follows the announcement of an election campaign which is likely to be called mid-April.
Having been in the industry well in excess of 40 years I have so frequently been saddened by people who have heard the warnings yet disregarded them only to end up with properties of lesser value and often selling for lesser values than they could have achieved by capitalising on the lessons of history and the opportunities that we present to take advantage of this current market.
For more information please don’t hesitate to contact our Autumn Selection hotline on 1800 198 009 or fill out the contact form below.
We look forward to assisting you in taking advantage of today’s market.