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31 July 2013

5 Reasons To Sell Now The weather may be chilly but Melbourne´s property market is showing no signs of cooling down during August. In fact, there are five very compelling reasons for sellers to make their move during the last month of winter: 1. Clearance rates are the highest in 3 years Auction clearance rates across Melbourne are consistently sitting around 70 per cent and are as high as 90 per cent in some areas. 2. Prices are up Data from the REIV and Australian Property Monitors confirms that median prices for both houses and apartments is up by as much as five per cent. 3. Stock levels are low Buyers are out in force, looking to take advantage of record low interest rates, but stock levels have not kept pace with demand. 4. The election is looming People traditionally put property plans on hold around election time and with the federal election expected to take place in September or October, this could impact upon activity levels during spring. 5. Spring selling season means more competition from other sellers With the traditionally busy spring market being one of the peak times of the year for the property market, more stock will come onto the market and that means buyers will have more properties to choose from and potentially more leeway to negotiate on price. Take advantage of current market conditions by preparing your sale today. Call us for obligation-free, professional advice. Greg Hocking


5 reasons to sell now