Property Listings
As discussed in previous articles, since the new First Home Buyers Grant was grant was announced there has been an increase in marketing activity. What has been noticeable is that new listings have risen, coming back to around the 12 month average.
What has not been seen yet is the number of sales. Numbers at auctions have risen, showing that buyers are starting to rethink their position as to entering the Property Market.
Auctions are a very good place for new investors to start finding out what is happening in the market place as regards the current prices. Because of the privacy laws it is very difficult to get current sales information, and by attending auctions you will find out what is actually being paid in the area that you are interested in. It does take a while to get all this current information together, but once you have a base to work with, it is not so hard to keep it updated.
Having your own list of current prices is the best information you can get. Second hand information from agents or sellers is not always the most reliable information.
It really is imperitive that you have current prices if you are serious about being a Property Investor, either as a home owner or as a purchaser of an investment portfolio.
Filed Under: Property Investment
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