The winter months are often a quiet time for Canberra home sellers, with most vendors happy to wait for spring before listing their home for sale.
The current federal election campaign has also dominated media headlines of late, further contributing to the low number of homes for sale.
For many home buyers this can be a frustrating time. The shortage of homes available offers little choice for cashed up buyers, and this has been evident in the strong auction results in many regions throughout the ACT.
My advice to buyers is to make sure your local agent is fully aware of exactly what you are looking to buy so you can be among the first to inspect the new wave of spring listings, sometimes before they even hit the open market.
This is one reason Elders Belconnen has decided to merge with Ray White Belconnen.
With twice as many sellers preparing to list their homes over the next three months than ever before, we can introduce you to your new home sooner.
Troy Reddick is a sales director at Ray White Belconnen