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Spring Market Tipped To Blossom

Buyer demand is tipped to pick up during Spring, with experienced analyst Dr Andrew Wilson reporting the early signs are it may be stronger than expected.

Wilson, the Chief Economist at My Housing Market, says there has been an uptick in buyer and seller activity recently.

“The latest data is telling us that there are some very early signs that the Spring market may be better than expected,” he says.

He says the time it takes to sell a property has eased in the past month and auction clearance rates are higher than they were in July.

Domain figures show a surge in auction activity for the third week in a row with auctions up by 13.5% throughout Australia.

In Sydney it is 16.5% and when it comes to auction clearance rates, some suburbs are performing extremely well including North Parramatta, Wentworthville, Alexandria, St Peters and Darlington.

Agent Marco Fabrizio says homes in good locations are selling for well above reserve.

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