Agent view: Demand outstrips supply as Canberra sellers hold back

Traditionally, Canberra home sellers go into hibernation as soon as a federal election is called and this current election campaign has been no different.

The net result has been fewer properties available to satisfy a growing pool of buyers keen to make the most of historically low interest rates combined with a strong local economy.

It is anticipated we will experience continually high demand for quality properties in all areas as we move into early spring.

Home sellers keen to make the most of the current under supply should plan to be on the market in July or August before the traditional spring rush.

The year to date has seen a number of record sales across the region and I would expect more records as we continue to see demand outstripping supply.

Marc Donohue is a sales consultant and auctioneer with Luton Properties Manuka