Harcourts International is encouraging Australians that are thinking of selling to do so now while demand and prices are high.
According to the company’s managing director Mike Green, there are various indications that the lull in the property market has well and truly ended, with buyer activity, enquiries and confidence all improving over recent months.
“Many would-be sellers were advised six months to a year ago that they should hold onto their home if they could, and ride out the global financial crises, to avoid receiving a lower price or having their property sit on the market for months on end with very little interest,” Mr Green said.
“Now the situation has changed, rather quickly, and the fewer properties that are on the market are often receiving multiple offers with some selling over the asking price.”
Mr Green said with house prices on the rise now is the best time to sell.
Statistics from RP Data showed Australian home values had risen by 0.9 per cent in July, bringing total capital growth for 2009 to 5.9 per cent.
Sydney home values have increased by 6.6 percent during the first half of 2009, Melbourne has recorded an 8.5 per cent increase and Brisbane 3.5 per cent.