than six months ago. Owners must carefully assess their options as the market moves further into the adjustment phase after frenzied demand and surging prices in the second half of last year.
Australian residential property prices rose 23.7 per cent through 2021. And despite the cooling market, values at the end of June were still 11.2 per cent higher over the previous 12 months, according to CoreLogic. To best leverage this dynamic, recent buyers turned vendors should move to market promptly. So should owners having to sell for other financial or personal circumstances.
Cooling markets make it especially important for vendors to maximise a property’s attraction. This includes property presentation, upgrades and repairs, as well as a skillful agent and deploying a well-resourced marketing campaign.
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