Recent Buying Selling Lifestyle
Recent Buying Selling Lifestyle
Buying

Newton market wrap up

30-Aug-2016
Written by Ashley Blake
Don’t let this week’s cooler temperatures fool you, it’s the last few days of winter and spring is just days away, which means the property market is set to get even hotter!




Low interest rates and a fresh batch of properties hitting the market are a match made in heaven for the upcoming season.




The market is typically emerging from hibernation at this time of year, but we’re coming out of a surprisingly active winter, according to Allhomes data.




The market continued to make positive gains and there were a lot of active buyers and sellers in the market which made for a fantastic winter for the Newton Team.




According to Domain Group data, activity was on the rise in July. Auction clearance rates lifted and the number of homes going under the hammer was comparable with 2015 figures. Both buyers and sellers took advantage of the record low interest rates.




While such rates are set to benefit buyers and sellers across all sectors of the market, sources says the middle market is where we’re likely to see the strongest impact. Perhaps even downsizers will be taking advantage of the low interest rates and sell in an active market with those looking for a bigger home.




The Newton Team are shaping up for a very active selling season for spring. Within the last week alone we have listed 11 new properties from all across the Shire and are receiving lots of buyer interest and enquiry.




Our team saw a significant increase in numbers at our open homes as more passive buyers are tempted to enter the market as open homes are conducted in more pleasant weather.




SOURCE – Based on an article from domain.com.au

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