*this article was previously published in the April 2018 Midland Express
Kyneton’s property market has continued to bust its own benchmarks with the latest Real Estate Institute of Victoria’s (REIV) data showing a swift increase in median sale prices. The median midpoint sale price of residential properties sold in Kyneton and surrounds hit $495,000 for the last quarter of 2017, compared to other regional Victorian towns which peaked at $397,000.
If you thought Spring was the most popular season to buy and sell a property, you might need to think again.
What is most surprising from this new data is the spike in sales during autumn months. The solid demand and restricted supply has seen the post-holiday period of April and May surge from 2016 – 2017.
And why is that? Autumn proves to be an active time for buyers who get a boost from New Year’s resolutions and the settling back into reality.
A combination of stable low-interest rates across the years and the push from metropolitan to regional towns has seen buyers keen to beat out the demand.
The ambient temperatures and transitioning colours of the autumn fall provide a unique opportunity to create for buyers to showcase their beautiful garden or property which can add considerable appeal to your property during a sale (and otherwise, too).
The reality is that buyers are remaining active year round to get ahead of the pack. Matters such as Easter, daylight savings and the commencement of the football season are no longer impediments for sales. And the REIV data shows just that.
Looking to sell your home this autumn? For more on how you can prepare your home for sale, head to jenniferpearce.com.au