What’s happening in the market right now?
With interest rates holding instead of rising, we seem to be returning to a more normal property market.
This means the top 20% of properties will continue to yield strong sales prices, mid-range properties will be up and down and the lower end of the market will be unpredictable.
Due to steadier interest rates, studios and one-bedroom apartments are more likely to be purchased by first home buyers than investors, especially those that are well-presented.
In the downsizer market, properties with beautiful views and a lift are highly valued.
With the weather warming up, you can expect more activity in the property market in the coming months.