Real estate vs. the media

Some days it feels a bit like the Real Estate industry versus the media - lately it's been almost a daily occurrence. The reality we can report, is steady yet somewhat selective attendance at open homes, resulting in a steady volume of sales. Prices achieved appear to be largely in line with expectations. However, some second tier properties have been more vulnerable.

In short, the residential market is a little more cautious than usual - yet steadily producing results.

Ongoing buyer interest

We have noticed ongoing interest from buyers in the face of a barrage of negative press towards Real Estate. Auctions have been generally well bid and activity is consistent.

I guess, some are taking on board the adage that the best time to buy is when others are not.

Residential market commentary

While commentary on the residential market may indicate challenging times, we continue to be excited by the prospects of the areas we serve.

If you are selling, regardless of today’s sale price, you will be purchasing in the same market. If you are buying a home, you will purchase because the home satisfies your requirements and most of all, because you like it!

To that extent, a home is not a commodity, it is a lifestyle. If you take a long term view, it’s not a bad time to buy. In fact, the time to buy is when the heat is not as intense in the market place – like now!

School holidays end

What an amazing spell of weather we have returned to. It would seem this has brought renewed enthusiasm to the residential market with buyers out in force and a large number of home owners making the decision to sell. With this week being the end of the school holidays, we are looking forward to a busy start to 2008.