Improving Economy Brings Buyers Confidence
Tuesday, 9 June 2009
With the news that Australia has avoided a recession, the doom and gloom that dominated the headlines has been replaced with a fresh optimism. Confidence amongst home buyers is growing as economists revise their bleak economic forecasts and focus on the recovery.
Despite many buyers being spooked during the first quarter of 2009, the Sydney property market showed remarkable resilience, with median house prices dropping just 0.2% and median unit prices posting a gain of 1%. Since then Sarah Lorden Real Estate has witnessed a marked increase in buyer activity, with higher open house attendance and a greater a number of web site views.
Already Sarah Lorden Real Estate has achieved a number of outstanding auction sales and we are expecting more of the same during the winter months. The combination of low interest rates, the increased first home owners grant and a brighter economic outlook, will serve to fuel the market and provide favourable conditions for those selling.
