The property market cooled during May prompting many to predict the end of the current boom. However, recent sales throughout June suggest that buyer confidence has returned and prices are looking healthy for vendors.
The market was unlikely to suddenly fall as many had predicted. We were probably due for a pull back at some stage, as market confidence was getting ahead itself. However, interest rates are at record lows and look set to remain whilst employment is strong in Sydney.
The negative sentiment around the Federal budget hurt consumer sentiment, however, as the reality overtakes the scare campaign of the budgets effect; buyer confidence is returning to the property market.
Stock levels are always low during winter, causing artificial strength in the market. Whilst conventional wisdom suggests that spring is the best month to sell, many current home sellers are working out that winter can be a better time to go on the market.
Those considering holding back from selling until spring maybe pleasantly surprised at the winter market.