More than 5000 homes are set to go under the hammer this week – the highest volume so far this year – as vendors rush to sell before“Vendors are racing to sell to make the most of the current strong prices and before the market softened further,” SQM Research managing director Louis Christopher said.
“I think it’s a good time to sell now because I think once interest rates start to rise, the market will soften,” he said. “So it’s kind of our last chance to get into a growth market.”Mr Beaconsfield said the property on the Mornington Peninsula had attracted a large number of potential buyers, and he was hopeful of getting a good price.
The shift in buyer demand had spurred many vendors to sell now rather than risk trading in a falling market, said Raine“Vendors want to sell at the top of the market, and before prices cool, so there’s certainly a sense of urgency for some,” he said. The upcoming, back-to-back, long weekends has condensed auction activity this Saturday to provide bumper choice for buyers, said Nicola Powell, Domain’s chief of research and economics.is going to dilute that buyer demand because there’s simply a lot more choice, so we’re likely to see clearance rates soften across most capitals as buying conditions improve,” she said.
A shitstorm is approaching.
When has the AFR been right about anything.
So silly.
Soon.. palletjacker69
Prices should go down?
ronmjm Fools. House prices prices are going higher, much higher in next 4 years.
Is Salim mehajer an auctioneer now?
Better to buy without the auction circus ? Sent via the Domain App
Lets ask the Twitter homeowners out there - are you rushing to sell before rate rises trigger house price falls?
Blackrock to buy up lol
The crowd rushes in at the top then waits until it all crashes and sells out
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