Buyers desperate to see more properties as competition builds

Buyers desperate to see more properties as competition builds

30 Sep 2014 By: Bruce Warburton 0 Comment

Across Melbourne, buyers are on the hunt for their next property. Their appetite for new stock is stronger than ever, but so far this spring sellers haven’t been able to keep up with demand.

At Greg Hocking, we’ve observed a decrease of around 15 per cent in the number of properties for sale across metropolitan Melbourne compare to this time last year.

The reduced number of properties available puts extra pressure on buyers.

With fewer properties to choose from, buyers are forced into competitive bidding scenarios and as a result often have to pay more to secure good quality properties.

Sellers: this is your chance to take advantage of the current conditions and get your property on the market before it’s flooded with properties for sale in late spring.

Contact us today for a confidential chat about the potential sale of your property today.

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