W&N News

Most of the time, as a real estate agency, we’re irrelevant to you.

According to realestate.com.au, the average length of homeownership in Victoria is approximately 12 years.

So, in case you want a pulse check on the local market; then read on.

Resiliency in the local market has continued despite ongoing economic pressures. The need for correct pricing and property presentation is critical for a successful sale or rental campaign given the stronger focus on cost of living and inflation pressures. 2023 resulted in approximately 5% ‘dip’ in prices however recent sales are indicating the average price for properties are appreciating again.

There’s no doubt about it, winter is a time where we grab our coats and buyers are less inspired to head to Saturday opens. However, seasoned investors and genuine buyers are still on the hunt with the notion that once a rate cut occurs, buyer competition for available properties will increase.

If you’re looking to make your next move, please contact our team of experienced Sales Agents and Property Managers.

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