Supply & Demand
The last two months have been a continuation of properties being snapped up within 48 hours of listing, with at least 10 Buyers per property.
Agents are no longer pricing property but "best offer by 5pm Friday" is the new way to sell.
The Buyers are largely from Brisbane, NSW and VIC. Not so many Ex Pats as was the case late last year.
Once the international borders open, I believe there will be more Ex Pats coming home to buy and settle followed by International Buyers seeking a safe haven.
We have seen higher numbers of new listings in the last two weeks.
Off Market sales are growing more popular with Agents and Sellers alike, as Agents are finding it very time consuming to return 100's of inquiries on any new property and with multiple offers there is always someone missing out.
Lending is so low that even if Lenders increase rates for the next few years, they will still be cheap. RBA saying it cannot see rates rising until 2024.
The government is unlikely to derail the gravy train of income from property sales taxes and in these worldwide uncertain times they know Aussies love bricks and mortar, so confidence is at an all-time high.
Changes to how we live, work and play puts Sunshine Coast in the box seat as we have it all - Sea Change, Green Change, Inner CBD Living and smaller communities.