Buyers Confidence Is Building

Tegan DeClark
Experts are saying that the stamp duty reform had an immediate effect in the Toowoomba area, as July home sales showed a massive improvement on the previous few months. Ray White Toowoomba Principle Lindsay Southwell said that his office had 45 properties go under contract in July and with a good number of contracts in the first week of August, buyers confidence is clearly building. "It's been noted that in recent negotiations, Ray White Toowoomba agents have experienced multiple offers with several going under contract above their list price, this competition is a sure sign that there is confidence back in the market." Said Mr Southwell. Properties are varied too with a selection of units, homes, land and rural going under contract, often after only days on the market. With evidence of a busy few months ahead, the stock levels around Toowoomba have decreased, making some areas in high demand and with demand, we can expect higher sales prices for sellers. Tegan DeClark, an sales agent Ray White Toowoomba said that buyers need to be prepared when they are looking at purchasing a property, in order to avoid missing out. "We have found recently that when we receive multiple offers, a combination of best price and terms will win out over others" Mrs DeClark said that you often won't get another opportunity to come back with a higher price after your initial offer. "If the property fits your needs, then make a good offer quickly so you don't miss out."