We are in the last week of summer so it’s timely to take a look at the Geelong market as we head into the cooler months.
Right now the market is still very strong with demand for affordable and entry level housing keeping prices at the unprecedented levels reached during the last 2 pandemic impacted years.
In particular the Geelong market has historically defied the trends set by the major capital cities – stayed steady or rose even as the Melbourne market fell – but as we emerge from the shadows of Covid, it is uncertain how the global crisis unfolding in Europe and rumours of looming interest rate rises will impact the market during 2022.
So our advice, if you are planning to sell this year, is to get on the market now and take advantage of the certainty of today’s market. A long settlement can easily be negotiated (3 to 6 months) to suit individual needs, but with the price locked in at today’s level.
We are committed to achieving maximum results for our clients and would welcome your call.
Until next week,
Nick Lord (Director)