Property Market Activity Increase
Although actual sales are not showing up yet, there is more activity from buyers visiting auctions and making enquiries. This could be because of the new first home buyers grants, or it could be that investors are starting to gain confidence that the market may have bottomed.
Either way, if you are looking to purchase soon, it would pay to start doing your research. If you are serious about investing and growing your portfolio, you really do need to be looking at the listing websites every day, or at least 5 days a week.
It is a known fact that more sellers talk to Real Estate Agents early in the week. The reason for this is that the owners have had time to sit down and talk over the weekend, and then start the ball rolling on Monday. In saying that, the property may not actually hit the websites til later in the week after the paperwork has been completed.
As well as watching the websites each and every day, you also need to have good rapport with a couple of agents in the area in which you want to buy. Keep in touch on a regular basis. These agents will give you all sorts of information about the local area.
Filed Under: Property Investment
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