Everywhere you turn it seems, yet another price increase. From your local grocery shop, insurance, fuel and everyday necessities. This would normally be a hit to the family budget alone without factoring the substantial hike in interest rates that show no signs of abating. With the significant growth of Riverstone and Schofields over the last 5 years, buyers are still out in numbers, just a little more cautious with the fear of paying to much.
It’s a fine line to fight inflation with interest rates especially when a lot of these broader price increases are a instigated by measures out of our control and not a direct result of our own stimulated economy. Unfortunately there’s so many financial challenges happening at once around the world that all have a direct or indirect effect on our wallet.
We’ve seen a number of price projections for the property market and those estimates vary quiet substantially. One thing we do know is we are in very uncertain and uncharted territory.
We’ve had a number of clients reach out already to get an understanding of where their property sits in the current climate. Selling or not, its a great idea to think about your options. As the days, months and years get on, those little things around the house you’ve been meaning to get around to can start to add up so its a good idea to think about what you could do to maximise your properties value if your circumstances were change.
If you would like a free update on your house with a detailed report, feel free to reach out, we’re here to help.
Written by Glenn Hagan
Licensed Real Estate Agent