The local market was noticeably quiet over the past week.
Was this just pre-budget jitters or perhaps a seasonal shift in the market?
What’s certain is that the wider trend across the country is that major housing markets, including in Sydney and Melbourne, seem to have cooled.
Although we’re entering a traditionally slower period, the right selling strategy can still produce fantastic results for sellers.
Just recently we set a new record sale price for a particular apartment complex on Canning Highway, after setting the previous record last year.
Time will tell how buyers respond to Tuesday’s federal budget announcement and its raft of spending cuts.
On a positive note for homeowners, buyers and investors, the Government didn’t put the sword to negative gearing or the capital gains tax exception on the family home, as many predicted it would.
These tax incentives seem to be off the table for the time being.
Furthermore, the conservative nature of the budget means that, in all likelihood, interest rates will remain low over the medium term – great news for mortgage holders.
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