I hope you all enjoyed the Queen’s Birthday long weekend, and for those of us in the former Maroochy Shire we have another public holiday for the Nambour Show on Friday…three day week for some lucky people. Nevertheless, in real estate we work regardless, as many people choose public holidays as a time to enquire on and view properties, so no rest for us!
The property market continues to attract much media attention of late, in fact, in recent weeks both local news channels, Win and Seven, have broadcast positive stories on the news about a property recovery on the Sunshine Coast. Expert property commentators, such as Michael Matusik, have been studying the market carefully and are supporting the reports of a recovery, even if modest. However, Matusik points out that it is still a Buyer’s Market and one of the good things about this is that housing affordability has improved for the seventh consecutive quarter; no doubt assisted by low interest rates.
There is also a lot of talk about the impact of the pending federal election; Matusik also points out that for genuine buyers and sellers the effect of an election looming on decision making is negligible and that history supports this. It seems that the likelihood of a change in government is virtually a ‘given’ and therefore reduces the uncertainty that could possibly influence confidence. So don’t delay if you want to buy now is an opportune time.
For those off to the Sunshine Coast Show, enjoy yourselves and I hope the weather is kind to you. Don’t eat too much fairy floss…
