Basic Economics – Supply v’s Demand

The market place at the moment is experiencing a lack of stock, as we say it in the industry, more buyers than sellers.  Sellers  are awaiting the warmer months prior to putting their homes on the market.  This seasonal shortage is typical in comparison with previous years.

The one changing force this year is that  the first home owners grant halves on the first of October.  This is putting pressure on buyers to find the right home now before they lose the $7000.00 hand out from the Fedreal Government.

Once again we are seeing multiple offers on properties under the $500,000 bracket. Basic economic high demand low supply prices rise, even in the midst of the current economy.

If your thinking of putting your home on the market, do it now take advantage of these pressure cMadeleine Hicks Real Estate conditions.

For more information …ask Madeleine 0413 733 617