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The benefits of Selling now

• Spring is an ideal time to sell your property in Melbourne, as current market conditions show strong buyer interest. Recent data indicates that clearance rates are holding steady at around 65-70%, despite a slight decline in property values over the past year. This stability suggests that motivated buyers are actively looking to secure homes before interest rates potentially drop.
• The rental market is also seeing positive trends, with vacancy rates at approximately 1% and rental prices increasing by 17-19%. This surge in rental demand is attracting first-home buyers who are now competing for properties, further intensifying the market. Sellers can benefit from this heightened competition, particularly in sought-after areas.
• Additionally, interest rates are expected to stabilize in the coming years, with predictions of a decrease by 2025. This could lead to even greater buyer activity as affordability improves, making now a critical moment for sellers to enter the market.
• Overall, with favorable conditions, including steady buyer demand and rising rental prices, spring is an opportune time to sell your property in Melbourne. Listing now can help you take advantage of these market dynamics.