Winter has finally hit us with full force, shorter and colder days. In recent months the property market has been a hugely distorted period, and with the economic and political challenges remaining for the time being with COVID and now the Elections, there are a number of positives from which we can take encouragement.
The Reserve Bank has hinted that there may be an interest rate cut ahead, even a hint of negative interest rates. That said, the good news is that the residential market is experiencing a real boom, a shortage of houses to sell with high demand from buyers and investors. Most homes for sale are ending up with multi offers and premium prices being achieved.
Your best time to sell could be right now. Not only that, we are also desperate for rental accommodation as we have many tenants to satisfy.
Commercial and rural properties are experiencing slow market activity.
With these interesting times, for anyone requiring the advice and guidance of a competent real estate agent, Metcalfe Real Estate offers this support.
We guarantee confidential and professional advice and service.
Thank you again for your continued support and referrals.
Keep warm this winter.
Selwyn Metcalfe & Scott Roberts