PREPARING YOUR HOME FOR SPRING
We are living in extraordinary times. The market hike is unexpected and unpredictable as we are achieving consecutive record-breaking sales despite the State Government’s unstable lockdowns. Major global investment banks are forecasting the record low interest rates are here to stay for at least 12 months which is amazing news for the real estate industry and homeowners.
The average median price for the area is now an impressive $740,000. The ever so popular Yarra Glen district has also experienced similar growth with its house median currently at $750,000, seeing a healthy growth of 7.6%.
On a national scale, the value of dwellings have increased 5.9% over the last 3 months which is a slight drop from the previous quarter, peaking at 7%. However, looking at the overall annual growth rate, the value of dwellings has increased by a whopping 16.1%. This is the highest annual growth rate in 8 years.
Prepare your home for selling this Spring
The housing market in the Kinglake Ranges, Yarra Valley and surrounds is extremely fast with quite a number of our most recent listings receiving multiple offers and selling in just 2-7 days. The regional market in Victoria has seen a growth of 18.1% over the past 12 months so why not take advantage of this exponential growth.
A common recommendation we find ourselves repeating is how to prepare your property to achieve the best possible result, especially in such a volatile market. From experience, the homes which are presented in an aesthetically appealing way generally obtain the best results. With prices continuing to rise, we are achieving the highest results we have ever seen for the area. We understand that selling your home can be both exciting and stressful, so here are a few of our best tips and tricks you can follow to prepare your property ready for the market.
Remaining resilient through what can be a nerve-racking time of selling your property is imperative. Be transparent with your chosen agent and express how you feel, remember you’re working together to achieve a result. It is important to remember that the real estate industry has remained steady and reliable throughout the rollercoaster ride of the global pandemic. This will be your opportunity to take advantage of your most valuable asset and make plans for your future. Trust the industry, trust your agent and trust the process. We wish you all the best for Spring.