Quieter Market Creates Advantage – Ku-ring-gai Listings drop 25% in June

As this week commenced, the number of houses on the market in Ku-ring-gai had dropped by 25.8% compared to early June. Despite the winter weather, school holidays, and the start of the new financial year leading to fewer properties coming to market, buyer engagement remains stable. This steady demand creates an excellent opportunity for anyone considering selling this year to list their property now! Launch your property now to stand out in a market with reduced competition and attract the attention of serious buyers who are eager for new listings that meet their requirements. Avoid the crowded Spring Selling Season when new listings typically flood the market. Reduced competition also means you won’t have to compete for prime styling, photography, and an even higher level of dedicated attention from your Marshall Group sales support team.

While concerns about potential future cash rate changes persist, the Reserve Bank of Australia’s decision in August remains uncertain until the quarterly CPI figures are available later this month. Many economists note the limitations of the monthly CPI measure, and major banks now predict rate cuts are unlikely until 2025. Despite economic challenges such as slowing employment growth and rising unemployment rates, the housing market remains resilient, with values increasing at a moderate rate due to demand outstripping supply. As more properties become available, it’s unclear if this balance will shift or if buyer demand will continue to exceed supply into spring and beyond.

As a long-standing corporate sponsor and major supporter of Ku-ring-gai Rotary for nearly three decades, Craig Marshall and The Marshall Group were honoured with the Corporate Membership Award at their recent 2024/2025 changeover. The Marshall Group will continue to support Ku-ring-gai Rotary and the organisations that rely on their dedicated support to make a positive impact on those in our community who are facing hardships. Thank you, Ku-ring-gai Rotary, for this recognition.

Ninety-two sales, nearing a quarter of a billion dollars in total value this year, reflect the trust our clients and community place in our team. At The Marshall Group, we operate with a truly collaborative and client-focused approach, understanding that your property goals are about you, not us. Our comprehensive support team ensures a seamless and efficient selling process. Our sophisticated and proficient in-house marketing, graphic design, social media teams, sales support, client relations, and compliance departments work together to make your property market-ready quickly. We can help you fast-track your property preparation and presentation, getting you on the market within just days or weeks, depending on your requirements.

Take advantage of the current market conditions and beat the spring rush. Contact us today to discuss how we can help you achieve your real estate goals and ensure your property stands out in the market.

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