The Sunshine Coast Market is changing rapidly.
A little over one month ago I reported houses selling at the first open for inspection or even before they had hit the internet. Over the weekend we attended many open homes where attendees we very sparse and agents were reporting a slowing of the inquiry and new listings.What we see on the ground in the property market is when politicians mention ‘tightening the belt’ OR an election, everything stops. Confidence in the market can be simply turned off like a tap.
The good news;
The upside is that Buyers have a bit more time to think through the purchase and negotiation phase and not be faced with multiple offer situations or buying at auction.
The finance sector forecasting that interest rates will not rise until the end of 2015 means it is a great time to be securing your loans.
Rental vacancies on the Sunshine Coast are non-existent. This is driving up rents $ and tenants are requesting longer lease agreements.
