Greetings.
Recently in the press there has been plenty of negativity regarding the Tasmanian ecconomy and the Tasmanian real estate market.
Plenty of people have had their fair share to say about things, especially the press. Unfortunately the press has a habit of quoting people out of context and sensationalising anything they think might be bad news.
Why?
Because that sells newspapers, gets people to watch TV and makes the press more money!
The reality of the Tasmanian real estate market is that there are still buyers and there are still sellers. There always have been and there always will be.
Lets not forget that Tasmania has experienced the largest growth in property prices it has seen in many years, if ever. In addition to this there have been higher than usual sales for periods in the last 10 to 12 years.
In fact, the number of sales in the Devonport over the last few years has remained steady. Devonport remains a solid real estate market-place and often places in the the top 3 areas in Tasmania for activity.
What we need to remember is that Tasmanian prices are affected less by market trends than the rest of the nation. We tend not to see the huge drops that the markets in Sydney, Melbourne and Brisbane see.
Yes, some property is selling for less than what the home owners expected. But this is the market telling us the truth about what people are prepared to pay. Due to the "boom" and healthy sales at higher prices many home owners have had a perception that their property is worth more than it is.
In reality the conditions that created the "boom" and the busy periods of the last decade happen occasionally... not all the time.
If you are selling in todays market you will sell because there are still plenty of buyers looking to buy. For example: the inquiry rate at Halliwell Property Agents has not dropped off at all.
The main determining factor in selling in todays market is price. Home owners must price competitively and with a strategy that works.
Visit Halliwell Property Agents to see how our unique pricing strategy works in today's market.
Alan Halliwell
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2 comments:
I have just sold my property through Singapore Property Agent, while I was living overseas and they handled the whole process very quickly and smoothly.
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