Where does the time go, we are three-quarters of the way through the year, and I’m just amazed as to how fast 2019 is travelling. 

Im excited this month to be launching Edition 22 of our market reports, with almost six years worth of historical data, our reports are a fantastic resource for clients to ensure they know what’s happening within the market.

With spring here it appears that not only are the countless garden beds brimming with new life, but the property market is following suit; with new listings sprouting up on the market every day. This is an encouraging signs for purchasers out there, who have been struggling to secure properties over the past three months; as stock levels continue to sit on average, 26% lower than this time last year.

The low stock levels are most likely also a reliable indicator as to why days on the market are at an all-time low currently- sitting at just 13.6 days across the entire Northern Suburbs region.

My pick of the suburbs for the past quarter would have to be Glenorchy. The area has been enjoying a median sales price of $350,000; which equates to a 10.76% growth in the past twelve months and is a fantastic sign moving forward into 2020.

If you have been thinking of selling or even expanding your portfolio by utilising capital in your existing properties, then now might be the perfect time to talk to one of our experienced staff members.

Another way to keep yourself up to date with everything property related; seek out the weekly real estate podcast we put together; “The Property Pod” on all popular podcast services like Spotify, Google Podcasts, Apple Podcasts and Stitcher, or visit our website www.thepropertypod.com.au

 

Author: Patrick Berry // 4one4 Real Estate