Every year there’s hype and excitement around the ‘Spring Selling Season’. As September comes closer however, the cold hard facts are that the spring season doesn’t see the greatest level of sales activity, although it does record the greatest number of listings.
According to a recent report by RP Data, it is actually March that is the busiest month for house and unit sales. On average over the last 10 years, March has accounted for about 9.3% of all dwelling transactions on a national basis. The results have shown that despite the fact that March is the busiest month for sales, there is little fluctuation in sales activity – except within December and January when sales volumes fall away noticeably. Clearly, once everything starts to settle down after the Christmas – New Year period, attention turns back to the property market resulting in strong sales volumes during March.
Best Time to Sell
Here’s the seasonal breakdown; autumn attracts 26.6% of all sales compared to: 25.4% in spring, 25.3% in winter and 22.7% during summer.
If you’re a property purchaser, spring is the season in which you’ll generally have the greatest amount of choice within the market. However, if you’re looking for the best deal, it may be wise to house hunt around the Christmas – New Year period. Despite the fact that during Christmas there are fewer properties listed for sale, there is also a much lower level of competition for the housing stock and you may be able to get a better price.
As you may be aware buying one home while selling another can be a worrying time. Thoughts usually overwhelm property sellers, such as ‘what happens if my old home doesn’t sell in time’? Or ‘what if I sell my home too soon and I haven’t found a new one to buy yet’?
Don’t stress. There are short term loan solutions, such as a bridging loan that simplify the transition between buying and selling properties. A bridging loan can offer you the simplicity of moving into your new home whilst your old home is still waiting to be purchased.
With a short term loan or bridging loan from the Australian Lending Centre, you won’t have to make monthly interest repayments – the interest is paid back in one go at the end of the loan term, along with the principal (loan amount). It’s that simple.
So, if you’re selling or thinking of selling your home, take the stress off your finances with a short term bridging loan. Simply fill in the enquiry form to your right, or call us today on 1300 138 188 to get some peace of mind – with a short term bridging loan.