IS THE MARKET COOLING?

The Courier Mail on Saturday had an article that Sellers across Southeast Queensland are having to reduce their expectations and prices to get deals done in the current market.

In the same article it suggested that the peak of the market is past.  So after two years of a rising market are we now looking down instead of up?

The article suggests that at the moment the market in the Sunshine Coast and some suburbs of Brisbane are definitely on the down turn.

So far this year in the Lockyer Valley the number of buyers and the urgency of buyers have declined but in its place has been more educated and ready buyers who have done their research and are ready to buy.

But is this all about to change.  The interest rate announcement at the start of June may further influence what happens in the immediate future.

As with everything we will have to wait and see, and if we had a crystal ball we would not have to work for a living!