Rodney Samuels Consulting: The State of the Market

With Easter nearly upon us we have two weeks of bumper auctions weekends ahead.

There was a clearance rate of 78% this weekend, whilst there was meant to be 1620 auctions only 885 were conducted and of that 690 sold either under the hammer or shortly afterwards.

We are seeing life in the property market at the moment as people start to realise that we may be at or close to the top of the interest rate cycle and whilst we won’t see rates drop in the short term it is on the horizon for the long term out look in many peoples eyes.

In a changing market it is imperative to make smart and logical decisions, it is not the time to panic and just buy anything.

I see time and time again the attitude of if I don’t buy this property then I will never find anything, whilst this can be true in very rare cases it is rarely the rule in realestate.

Don’t just listen to what the agent tells you, remember they were the ones that told us time and time again they had so much property in their pipeline the market was going to be over supplied.

It is important to seek good clear advice combined with doing your own research of what is actually occurring and is available on the market at that given time.

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