With the first weeks of Spring behind us, we’re yet to see the traditional flood of properties hitting the market. Good news for sellers with less competing properties for a little while longer! According to RP Data’s Tim Lawless, the market is about to get busy. The analyst’s Market Activity Index is showing that a strong ramp up in Adelaide’s property market is expected through to the end of the year, with volumes of sales and buyers set to increase. The first 6 months of ’09 saw Adelaide transactions increase by around 8%, below the national level of 15% due to a slight ‘hangover’ from the mini boom in ’07. On the frontline it’s looking positive and appears we may not experience a ‘whitewash’ of the market as in Spring ’08. Sellers – there’s still time to make the most of this market, so get to it!
Anthony Toop, Managing Director.
www.toop.com.au
© Toop Real Estate Group
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