FIRST HOME OWNERS RETURNING TO THE MARKET
Over the last month the @ Real Estate sales team have noticed a significant increase in enquiries, buyer inspections, open home attendances and offers from first home owners. Natalie from @ Real Estate has checked the @ Real Estate buyer inspection log and found a whopping 66% of all inspections have been from first home owners. The First Home Owners are returning to the market in force. This is a good indication of how affordable our market is currently, and promising signs to come. While first home owners are rightfully cautious, they are on the hunt and quick to seize a good deal. Natalie also said that after that “two couples I meet on Saturday commented that they have been too slow to make an offer and missed out on the property, you can bet they won’t make that mistake again.”
While first home owners appear to be most active in the established home market under $400 000, they are still many looking in the higher end, “I’ve had several first home owners view 21 Rosewood Street Taranganba priced at $599 000” says Natalie. While the majority of first home owners are under 30, there are many people entering the market for the first time in their 30’s and 40’s, these are often then buyers looking at higher price points.
Its been great to see first homes in 2017 appear to be well researched and orgaised, most have already talked to their bank and are well educated on the market. They know it’s still a buyers’ market and are keen to enter the market while its affordable. The team @ Real Estate is here to help first home owners, happy to coach you through the process and help first home owner find their dream piece of real estate.
It is also interesting to note the shopping habits of first home owners, which highlights the importance of a strong online presents and easy to understand, clear marketing when selling. If you want your home to stand out from the crowd call Natalie @ Real Estate to find out how.