Agent View: Time is right to sell

Two months into theyear and buyer confidence in the market could not be better. Inspections at open homes have been high and auction clearance rates for the start of the year have been positive with many properties selling before the big day.

Growth in housing finance in the ACT has been extremely strong and this coupled with record low interest rates and steady population growth in the capital is placing a strong demand for housing across all markets thus placing upward pressure on prices due to limited stock.

There are just not enough quality homes for sale and the supply and demand issue we are starting to face because of this is only going to keep prices moving north throughout the 2016 year.

If you are thinking of selling later in the year, it may be worth a thought to possibly bring your plans forward and enter your property into, what I currently see, as a strong, buoyant and active real estate market. Who knows what kind of market we will have after the federal election.

Michael Potter is principal at One Agency Michael Potter