Where you might have struggled to buy or sell a property during the past few years, especially during the recession period, there are still some areas in the country where it’s often easier to sell a home. Mortgage brokers in Rockingham can give you advice as to the best ways to buy or sell a property in conjunction with providing the best mortgage advice to make sure that when you do change your property or purchase for the first time, you will be doing so with the full knowledge of your actions.
The Australian property investor has just released information based upon their recent research which is designed to reveal the best places around the country to buy or sell a property. There are able to reveal which areas are searched for the most and which properties are selling the quickest. For example, properties in Sydney’s inner west area average just 19 days on the market.
Why the Information is Important
Knowing how quickly properties sell in an area or understanding how people are looking for a home in a certain part of a state or territory can give you clues as to the type of competition you will face, whether you’re in the buying market, a seller or both.
When you are armed with the information about which types and areas of properties are selling well, you can make life changing decisions with your family’s full approval.
A quick sale can work against you if you have put your property on the market, but haven’t taken the time to look for somewhere to move to. Conversely some people look for a new home and set their hearts on exchanging properties quite soon, but unfortunately they own a property in an area where properties are not selling well and market valuations have yet to increase.
Where Should You Be Living Just Now?
There are some hotspots where it is much easier to sell your property and these include Sydney’s northern beaches in New South Wales, especially in Allambie Heights, Freshwater and Normanhurst.
One of the best spots in the country to be selling a property at the moment is in Enmore, in the city’s inner west area. Properties listed in this zone are taking just 19 days on average to have an offer accepted at the best purchase price. To show the differences of neighbouring areas, some areas close to Enmore are selling relatively quickly, but nowhere near as quick in real terms. Alexandria at 39 days and Erskineville at 43 days are selling much quicker than many places across the country.
If you want to move into the inner city suburbs of Melbourne in areas like Clifton Hill and Fitzroy North, they were the most hunted for property areas for purchases. For areas that were proving very quick for properties to sell, spending just a month on the market on average were The Basin and Croydon Hills.
In Brisbane, Holland Park and Stafford Heights proved to be the most searched for suburbs throughout Queensland with Bokarina, on the Sunshine Coast, equalling Mount Gravatt as the quickest selling part of the market, averaging 38 days before a sale was agreed.
This report shows that several properties are moving very quickly so it is to your advantage to meet with your mortgage brokers in Baldivis, Rockingham or wherever you are in Australia, so that you are fully prepared to be able to accept an offer on your property and begin the process of buying a new property, knowing full well how much you can borrow and how much equity you need to take forward as your deposit.
