Ninja in a Blazer – 1st March 2023
March 1, 2023Ninja In A Blazer – 16th March 2023
March 16, 2023This is the END!!!
I would imagine you are probably sick of the media constantly reporting the doom and gloom of the housing market. The power and the influence the media has on the general public’s perception often becomes a reality and at times affects how buyers act in terms of making offers on properties. I wanted to use this month’s update to provide you with an insight of what we are seeing from our recent experiences.
What is the truth of the current market …
Since the start of 2023 buyer enquires are up significantly, numbers at open homes have drastically increased and this has resulted in having multiple offers on most of our new listings. In fact, buyers are commenting on how hard it is to secure a home with mention to there being, “not as many options in the current market”.
As much as the media tries to paint a picture that buyer’s confidence is low, what we are clearly seeing shows that is not true. Buyer’s confidence is strong and the only impact buyers are experiencing, is that their ability to borrow is much less than what they could borrow prior to the rate rises. We are simply seeing buyers adjust the location they’re looking to buy to be within their budget.
Research by JP Morgan suggests that we’re already stabilising and house prices will go back up sooner rather than later. Auction clearance rates are related closely to house prices and buyer confidence.
Are you currently an investor or wanting to be a future investor?
We have found that many of the buyers we are meeting are either investors looking for more investment properties or new investors looking to start building their portfolio. We are speaking to many who believe that the market prices have stabilised, and properties are still a strong long-term investment.
If you are looking to purchase and would like an opinion on any property prior to making an offer, do not hesitate to reach out. Alternatively, if you would like an independent rental appraisal or valuation letter for your loan application our Property Investment Consultants would love to assist you.
If you are looking for a property management team to look after your biggest investment here are some of our points of difference:
- Our service communication promise – To reply all communications on the same day even if it means an after-hours response
- Quarterly Landlord surveys – We want to ensure that we work towards a service score of a minimum 9 out of 10 with all our landlords.
- Client Service calls – We believe in being proactive and building relationships with our clients, providing service quality calls to our landlords
- Focus on your net return – Prior to any lease renewal we will not simply just ask you to increase your rent by $10 but we will prepare for you the latest comparative market analysis and provide you with a recommendation based on the current market.
- High quality tenant approval – We understand that your property is your biggest asset and we will not put any tenants in that we would not put in our own property.
- Inspection Feedback – During the period where your property is listed on the rental market, we always provide our landlords feedback after every inspection as we understand that that you would like to know firsthand any updates we have.
If you would like to discuss with our property investment consultants more about your investment please reach out.
