With the RBA’s decision yesterday to keep the interest rates on hold again, at a record 2.0% and with only slightly shifted buyer confidence, we have seen houses flying off the local market.
This is no surprise to us though, as CoreLogic RP Data states that the Sydney property market is the most hyperactive in the country. Our results can atest to this, with an impressive 80% of listed properties selling in less than 21 days as experienced in Currans Hill where on average, houses are spending 19 days on the market before being snapped up.
The journey to sold is even shorter for well-positioned properties in the local Macarthur market, with 20% of our properties listed in the last 60 days selling in under 7 days. We have been blown away with the speed in which we are selling homes, notably a property recently listed in Ingleburn sold within the first day of being on the market...unbelievable!
Moving into the Spring selling season, although we have seen a slight curb in buyer attendance to open homes, we are still receiving plenty of interest. Now is not the time to panic, but to cash-in while the market is still feeling the heat. If you are a vendor looking to sell your home, here is our advice to you- call Prudential Real Estate.
Finding the right agent and getting your home or investment ready for sale this Spring should be at the top of your priority list. As we move into September, buyers are still out in the local Macarthur and ready to invest in your property...so call us today and get Spring cleaning!