Sell in a cooling market with confidence - Know your local market - Series 1 of 10

 

Know your local market

Cooling of the property market shifts the scales in favour of the buyer. 

The difference in demographics is the driver towards impact trajectory of the cooling market across different locations, e.g., Tree and sea changers, during the time of COVID-19, flocking back to the high rises will negatively impact outer suburbs prices as the trend will create a positive impact on the inner city unit prices.

As a home owner, if you are interested in selling your property, it will pay dividends by keeping informed at all times. Some of the ways to keep at the crest of the wave are as follows:
  • Subscribe to reputed financial journals and papers. The quality of information from these sources will certainly keep you informed about the market trends and insights.

  • Engage with local real estate agents over casual conversations in order to validate your own understanding and also validate the knowledge of the agents itself. This will help you choose the right agent with ease when you are ready to engage.

  • Keep an open mind as markets fluctuate and not necessarily follow the mathematical calculated trajectory and curves.

  • Do your own research, never believe all the information out there. It is very easy to build a confirmation bias around your own beliefs.

  • The information should always be treated as a relative guide to compliment your strategy in order to achieve your property goals.
Quality information will provide you with the knowledge and the confidence to establish and prioritise your property goals that are inline with the current market trend.

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