The spring property market is here and expected to bring an influx of listings as vendors look to capitalise on buoyant price growth and strong buyer demand.
Kate Lumby, principal of Lumby Real Estate, expects a bustling season ahead, with both sellers and buyers eager to close deals before year-end. Spring has long been a favoured time to sell, thanks to blooming gardens and milder weather.
As an auction specialist, Ms Lumby sees numerous benefits in selling property under the hammer during spring.
“It is the best way to achieve a premium price as you have buyers competing for the property, there is a sense of urgency because it happens within a set time frame,” she said.
“Whereas with private treaty sales if the price achieved is well over the market, the valuation can fall short and the sale can fall over. Emotion also plays a part because people develop a strong personal connection and this can drive the bidding and sale price.”
Ms Lumby advises sellers to consider entering the market earlier in spring, as listings in the area remain limited. Lifestyle estates and properties that can accommodate more than one family, in particular, remain popular for house hunters in The Hills.
“There are a lot of buyers looking for space, they want to be out of the congestion and this is one of the biggest attractions to living in this part of Sydney,” Ms Lumby said.
“The opening of the extended Metro line is also driving enquiries as it offers families the best of both worlds. They can buy acreage but still be within a short drive of direct city access.” If you are looking to get a first move advantage Kate is listing selected properties to bring to market for early spring. To be part of this exclusive offering contact Kate Lumby of Lumby Real Estate on 0414 620 222. “Kate gets top results”