There are many of you who have bought properties as a retirement fund and I have no doubt they have done well for you from a capital growth point of view and hopefully for a return on investment. But in my long career in real estate I have never seen a market like this current one – no listings mean premium prices. This was really evident in our auction room last week where we had 18 vendors who sold their properties under the hammer and of those 15 flew past either the pre-auction offer level or over the reserve price. There were plenty of tears from sellers absolutely ecstatic at the sale price.
So if you happen to have a spare property, sell it now!
EVES. Exceptional. Every day.