Industry Insight: Spring Market

As Spring approaches the real estate market heats up along with the weather. Sellers flood the market looking to show their properties best features in the sunnier days of Spring, and Buyers are aplenty looking for that perfect combination of dream home and location. The Design Hunter’s Director, Melissa Bonney, caught up with local real estate guru, Alexander Phillips of Phillips Pantzer Donnelly Real Estate, this week to talk all things property!   Alex, you’re the Number 1 agent in NSW and the Number 2 agent in Australia, that takes some serious energy, what motivates you to stay on top of your game?  I love that every deal is different and challenging in their own way – all buyers and sellers have different emotions and you need to manage these all the way through this the process. 9a-Wonderland SOLD 9a Wonderland Ave, Tamarama – Undisclosed What’s your top tip for Sellers as they get their homes ready for sale?  Preparation is key and at PPDRE we pride ourselves on having our properties looking 100% when they hit the market.  Don’t be shy about spending the extra money in gardens, painting, styling etc – you only have one chance to get the best price! What are some of the key things Buyers should think about when buying a home?  In the market we are in things are moving quickly and often off-market or before Auction, be 100% prepared to move quickly.  You need to be mentally and financially ready if you love a property – it could be sold in a matter of days! 41-Read-Street SOLD 41 Read St, Bronte – $2,605,000 Is it really all about “location, location, location?” Yes. Most buyers and sellers are moving for lifestyle reasons. Our clients want to live in areas that offer good amenities, schools and transport – these days everyone is time poor and want everything with easy access. It’s about convenience! 56b-ocean-2 SOLD 56b Ocean St, Bondi – $2,075,000 We’re at the beginning of the infamous “Spring Market” and in one of the hottest Real Estate markets Sydney has seen for some time.  What do you expect to see happening in the local real estate market?  It feels like the market will continue to be very strong, but it could start to soften due to an over supply which generally happens late October early November.  With this in mind if you want to be sold and settled before Christmas you need to be on the market in the next 4 weeks!
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