The Spring Effect:
Even by southern standards the Sunshine Coast and hinterland have a relatively mild winter, there has traditionally been an increase in buyer activity from September and known as the “Spring Effect”.
After all humans are animals and subconsciously we tune into and react to all sorts of signals, such as smells, very visual ones such as body language, universal influences beyond most people’s understanding and, seasonal changes! What the seasonal change from winter to spring usually does is “put a spring in the step”, or with most people imbue a sense of well being and confidence.
Because of that seasonal lift, and for those considering real estate, this unconscious incentive may be all they need to start exploring the opportunities available.
Apart from the vague possibility of a double dip recession and almost certain impending interest rate rises, still probably less than 2% over the next twelve to twenty four months or so, buyers should feel confident with the current stable property market and the chance to lock in a lower interest rate than may be available in the near future.
Even with rising interest rates, the property market on the Range will be affected minimally, and though upwards of 60% of contracts are subject to finance, the Range is far from a “mortgage belt” area. 40% of contracts are “cash contracts” and therefore not affected by interest rates at all!
Range property buyers are predominantly secondary, tertiary, and quite often multiple property owners who are well set up financially, and therefore less influenced by outside economic situations.
So if you’re selling – spring into Spring and take advantage of the “Spring Effect”. If you’re buying – buy now and look forward to looking back with satisfaction in the future!
Montville Real Estate 200 Main St, Montville Phone 5478 5478
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