Bellcourt Market Overview

Over the last 10 sales this month, we have noticed and felt an increase in buyer interest and competition, this is at both home opens and through online enquiry. The last 3 properties we have launched have sold after the first home open, and we have seen on average 20+ groups to each inspection, averaging 5+ offers which has led to a successful sale for our sellers. We have achieved this success during the winter period, which traditionally is a quieter time both for transactions and buyer interest.

Using the data provided by REIWA.com.au we can see that there are under 3500 properties on the market, which suggests our buyers are having less options when looking for a new home. Pair this with the rumor of further interest rate cuts and a continued rental deficit, the trends we have felt as a team could be a strong indicator of a highly competitive spring environment for our buyers and sellers. Armed with this information, it couldn't be more important to chat with your preferred property expert about what a successful sales campaign looks like, for our buyers, we are also here to assist as best we can and will continue being as transparent and proactive to ensure you can also have success in this challenging and competitive climate.

Sean Congiusta DIRECTOR | BELLCOURT FORECAST