Mar­ket im­prov­ing

The Weekend Post - Real Estate - - Front Page - Cait Bester

CReal es­tate agents like Rick Szelpuk (above) have seen the num­ber of view­ers at open homes dou­ble so far this year. This unit had 17 groups go through it on Satur­day. AIRNS real es­tate agents have re­gained con­fi­dence that the mar­ket is strength­en­ing af­ter the num­ber of po­ten­tial buy­ers walk­ing through open homes has nearly dou­bled in re­cent weeks.

Real Es­tate In­sti­tute of Queens­land re­gional chair­man Rick Szelpuk says the num­ber of buy­ers at­tend­ing open houses was not a record but a “ re­mark­able” in­crease.

Mr Szelpuk said proof of this was a Lake St apart­ment, on the mar­ket for $ 389,000, that had 17 groups of peo­ple walk through last Satur­day with an out­come of two “very in­ter­ested” buy­ers.

“The num­bers are a huge im­prove­ment from what we were see­ing in Oc­to­ber, Novem­ber and De­cem­ber,” he said.

“Tra­di­tion­ally the first three months of the year is quite strong – peo­ple who have been wait­ing for the fes­tive sea­son to fin­ish are now look­ing or sell­ing, then we’ve got the in­flux of peo­ple who have re­lo­cated to the area, as well as the ev­ery­day real es­tate busi­ness that’s around all year, but it’s very en­cour­ag­ing to see that tra­di­tion has been car­ried into 2011 con­sid­er­ing the mar­ket place in the last two years.

“ See­ing peo­ple go­ing open homes and buy­ing very re­fresh­ing.

“Things seem to be mov­ing and it points to re­cov­ery.

“It proves the mar­ket is not to is go­ing to keep do­ing south and now is the best time to buy as it’s go­ing to grad­u­ally go up.”

Les Free­man Real Es­tate prin­ci­pal Arran Faith­full says last Satur­day alone dou­ble the nor­mal num­ber of buy­ers were out and about look­ing.

“ This week we saw num­bers in open homes more than dou­ble from what we were ex­pe­ri­enc­ing from Novem­ber and De­cem­ber,” he said.

“ The re­sults have been one signed con­tract and four more good of­fers which we are in process of ne­go­ti­at­ing as of this morn­ing ( Wed­nes­day). It has been proved that if prop­er­ties are priced cor­rectly then they are go­ing to sell be­cause there are more qual­i­fied buy­ers hunt­ing on the mar­ket at the moment.

Ray White Cairns Beaches Paul Stirling said there are a va­ri­ety of buy­ers in the Cairns mar­ket but most buy­ers are buy­ing for life­style.

“Peo­ple are shop­ping out there in this mar­ket and they are shop­ping quite ag­gres­sively,” he said. “ There has been an in­crease in houses on the mar­ket and the num­ber of peo­ple walk­ing through open homes com­pared to the later mouths of last year.”

LJ Hooker Edge Hill prin­ci­pal Ross Moller said while num­bers were good but they were not yet strong.

“I would say there are more peo­ple look­ing which is nor­mal for this time of year,” he said.

“ Nor­mally next month once kids go back to school it will get busier.”

Newspapers in English

Newspapers from Australia

© PressReader. All rights reserved.