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Property market activity remains high

By Stefanie Garber
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Property companies are uncharacteristically busy in the lead up to Christmas as low interest rates fuel buyer enthusiasm.

Todd Hunter of property buyer wHeregroup said his business has been “absolutely crazy”: “We’ve had a record month in just two and a half weeks,” he said.

Generally, property market activity slows in late December but this year, demand from both buyers and sellers has remained high.

“Normally, by now there would be a taper off, but I’m still negotiating and that will probably go right through to Christmas Eve,” Mr Hunter said.

Brendan Kelly from RESULTS Mentoring said his business had also seen above average interest.

“Traditionally, the last two weeks before Christmas are quiet,” he said. “Enthusiasm for buying property is far greater than it was for recent years. We have what real estate agents call an extended spring, where the spring buying season continues longer.”

Mr Kelly believes consumer confidence is fuelling demand for property.

“Interest rates are low and there’s a far more positive sentiment in the market around real estate,” he said.

Rising prices may also be pushing people to buy before Christmas, he added.

“2014 is looking like a big year. People see the prices are going up and they fear missing out in the New Year,” Mr Kelly said.

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