"Hamish, How is the market at the moment?"

There have always been some key indicators when assessing and answering when to buy and sell residential property. It's a question I would get asked daily, together with a general "how is the market at the moment?".

There's also some interesting market indicators looming.

Here are some key comments:

Try to sell, then buy in the same markets. You won't lose out when you are "in the market". If you buy and sell your family home in the same market conditions then the state of the market is practically immaterial.

If you want to sell and settle before Christmas allowing a buyer to have Christmas Day in their new dream home, count back. Settlement would need to be mid December at latest.?

You need to plan for a 30 day settlement (60 days would be a possibility), allow for a14 days conditional contract. This means you need to be starting a 30 day sale campaign by mid to late October at the latest.?

We know the state of the market exactly now. We do not know what the market will be like next year. We don't have a crystal ball unfortunately.?

There's a Queensland State election on October 24. This seems to be trending with less volatility to the markets than it could have been historically. Not expecting much negative sentiment to the residential property markets.

?Interest rates are clearly dropping imminently.

There's a US election in November. Having been through several of these while in the selling space there will be a slow down globally in the markets — it just happens, it's just to what extent.?

Please feel free to reach out for a confidential conversation, whether you are buying, selling or simply want to talk about the market call me on 0410 044 463.