January has gotten off to a flying start, with many New South Wales agents reporting high buyer interest.
Belle Property Annandale principal Robert Clarke told The Australian Financial Review that an increase in demand from buyers throughout December forced him to cut his traditional Christmas break short.
“We would normally close until January 11 but we had so many calls in December from people wanting to get started early that we are virtually at capacity,” Mr Clarke said.
“Most people don’t call until after Australia Day, but this year it’s ridiculous,” he said.
Mr Clarke attributed the momentum of this year to a strong sales quarter last year. “I think because the last quarter of 2009 was so strong people are trying to get on top of it as quickly as they can.”
McGrath Estate Agents principal John McGrath agreed that there had been a clear increase in activity, with the agency already scheduled to auction 118 properties in February.
“We have a lot more vendors wanting to take action in January, whereas normally they would start making a decision in February to list a property in March,” Mr McGrath said.