Here the main reason why we are in a seller’s market

Clearly, we’re in a seller’s market at the moment, with the supply/demand ratio being out of kilter.

First home buyers, established homeowners and investors are all out in the market chasing the  limited number of good properties for sale

Corelogic estimates that in the 3 months to May, there were around 164,000 dwelling transactions that took place around Australia.

Meanwhile, just 136,000 new properties were added to the market for sale in the same period.

So even though this number of new listings is higher than the previous five-year average (which is closer to 126,000) the uplift in sales volume means that the stock has been quickly absorbed.

So what does a property buyer do?

Firstly, let me tell you what you shouldn’t do.

Don’t look for areas where there are is a significant level of stock on the market.

In general, these will be areas that are out of favour and while it may be easier to find a property, it almost certainly will be a secondary property.

In particular in the city CBD, and higher density urban locations are currently experiencing softer demand, but if you’ve been following strategies we use at Metropole to help our clients outperform the market you would know we always avoid these areas.

And don’t look for a bargain in today’s hot market, instead, buy the best property you can afford because you shouldn’t expect average long term returns from a below average property investment.

By the way … many of the properties Metropole have managed to secure for our clients in this current seller’s market have been off market properties that we have been made aware of because of our long, ongoing relationships with many top selling agents.

If you’d like to level the playing field and even the odds in your favour, why not get the team at Metropole on your side?

It’s just too hard for a “normal” property investor or a homebuyer to get on the speed dial of these estate agents.

You’re probably only going to deal with selling agents a few times in your life, on the other hand, the team at Metropole was involved in over a quarter of a billion dollars worth of property transactions in the last financial year alone.

Do you think this puts us on the speed dial of most selling agents in the areas where we are active in the  Sydney, Brisbane, and Melbourne property markets?

So while it may be difficult for you to get the call, you can still benefit from this special treatment by having the team at Metropole on your side.

Now is the time to take advantage of the opportunities the current property markets are offering.

Sure the markets are moving on, but not all properties are going to increase in value. Now, more than ever, correct property selection will be critical.

You can trust the team at Metropole to provide you with direction, guidance, and results.

Whether you’re a beginner or an experienced investor, at times like we are currently experiencing you need an advisor who takes a holistic approach to your wealth creation and that’s exactly what you get from the multi-award-winning team at Metropole.

We help our clients grow, protect and pass on their wealth through a range of services including:

1. Strategic property advice – Allow us to build a Strategic Property Plan for you and your family.  Planning is bringing the future into the present so you can do something about it now! Click here to learn more
2. Buyer’s agency – As Australia’s most trusted buyers’ agents we’ve been involved in over $4Billion worth of transactions creating wealth for our clients and we can do the same for you. Our on the ground teams in Melbourne, Sydney, and Brisbane bring you years of experience and perspective – that’s something money just can’t buy. We’ll help you find your next home or an investment-grade property.  Click here to learn how we can help you.
3. Wealth Advisory – We can provide you with strategic tailored financial planning and wealth advice. Click here to learn more about we can help you.
4. Property Management – Our stress-free property management services help you maximise your property returns. Click here to find out why our clients enjoy a vacancy rate considerably below the market average, our tenants stay an average of 3 years, and our properties lease 10 days faster than the market average.

from Property UpdateProperty Update https://propertyupdate.com.au/here-the-main-reason-why-we-are-in-a-sellers-market/