Winter has come to an end – at long last. It’s not as chilly in the morning, the days are longer and the birds are chirping a little louder.
CoreLogic RP data indicates that auction clearance rates trend sharply upwards every spring, with this year being no exception (although the trend is more moderate than usual). Most people wanting to sell put their property on the market in the second half of the year. That’s auction season – when new listings hit the market in a big tidal wave and buyers pounce at the opportunity.
Seasonal variations can affect how buyers perceive a property, with some homes looking their best at certain times of year. Homes with gardens appear welcoming in spring when flowers are in bloom. It’s important to look at the bigger picture and long-term trends when buying or selling.
It is important to note that doing so will help ensure that you’re buying or selling for the right reasons; not just getting caught up in the mad spring seasonal rush.
However, Spring is a time of abundance on the Australian property market, with more listings and more properties sold than any other season.
“Warmer weather attracts buyers onto the streets and into open home inspections; gardens tend to look their best and many buyers want to be settled in their new home in time for the approaching festive season”
If having a wide selection is important to you, spring may just be the best time to start searching or selling, as you may enjoy better chances of finding exactly what you want.