Low Stock on the Market: What It Means for Buyers and Sellers

Spring has always been a highly popular season for property sellers in Australia. The warmer weather, blooming gardens, and fresh appeal make this time of year an ideal window to sell your home. But is it just about aesthetics, or is there something more? 

On February 6, 2024, the Reserve Bank of Australia (RBA) made a pivotal decision to maintain the cash rate at 4.35%, marking its first policy announcement of the year. This decision comes against a backdrop of gradually declining inflation, which eased to 4.1% in the December quarter, down from 5.4% in September​​.

Your property is usually just one in a very long list of properties a buyer will see, so it’s crucial that they see it in the best possible light. The more desirable your property appears, the better your sale price is likely to be.  It’s important to make sure your property looks its best from the moment it goes onto the market. First impressions really do last when it comes to presenting your property for sale.

Selling a tenanted property often makes financial sense for investors. Not only do you need to sell at the time that’s right for you in terms of the highest possible sale price, but continuing to receive rental income right up until the property sells can make a huge difference to your bottom line and ensure that you stay on top of investment loan repayments. It’s also appealing to potential investors if a property already has tenants in it.

Don’t know your LMI from your LVR? Can’t quite remember what caveat emptor means but you’re pretty sure Robin Williams banged on about it in Dead Poets Society?  Never fear: help is at hand. Without further ado, here is an A to Z of some of the most baffling real estate terminology.

Preparing to sell your home can be a stressful and complicated process. From making the decision to sell to actually listing that property for sale can take weeks, months or even years, and then there’s the sales process itself to get through before you’ll see that SOLD sticker across the signboard.