June 2021

During the wintery month of June, demand remained strong and sales volumes were only constrained by a lack of property available to sell. In fact, June sales of 310 were the highest since 2016!

We continued to see sustained prices, those buyers hoping to see a decline in prices over the coming year will be disappointed - As usual in the winter months properties available to sell declined, down a further 8.6% from last month and 38.9% since 2020.

The huge imbalance between low supply and fervent demand continues to be fueled by buyers wanting to lock in low interest rates before they increase. This low supply/high demand continues to have significant impact on the median price, which has increased a further $8,000 since May, up $110,000 on last June.

Consequently, our auction clearance rates now exceed 90%, with most of our properties selling in competition, meaning prices continue to surprise.

This is the best-selling market we have seen, and is expected to continue well into 2022.

If you are thinking about selling now is the time! With limited stock on the market, our proven winter sales strategy and current buyer competition, this will stack a premium sales result on your side.

If you or someone you know is contemplating selling in such a strong market, don’t delay and talk to us today about an up to date market appraisal and how to set the right strategy to achieve a premium sale price for your property.

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