As demand runs hot, don’t worry about the odd punch-up at auctions in Sydney’s ‘Wild West’. It’s the 82 per cent of investors ready to invest in the next 12 months who’ll add fuel to the fire of a red-hot market...

The property market is running hot even as first home-buyers are preparing to vacate the market after using generous government subsidies and while interest rates were low. However, there is no let up in sight as property investors prepare to swing into action.

Competition among buyers has been tough, with sellers loving the results. Over 80 per cent clearance rates over the past few months and even punch-ups as tempers run high are hardly the signs of a distressed market. It’s a very busy market, as many an agent will tell you.

However, those hoping for a period of calm as the government pulls back its generous First Home Owner’s Grant subsidies are in for a shock. Investors are poised ready to pounce, and the market up to $550,000 or $600,000 is where they want to be.

Only Australia could have a housing mini-boom in the midst of a global slowdown! That’s what is happening, however, as demand exceeds supply, and as buyers queue up. The result is increased sales and increased prices.

So, while some buyers will win an auction on a knockout, our advice to you is that there are simply too many buyers out there for the boxing strategy to work. We recommend that you do your footwork fast, and come in to see us before more time passes.

If you would like to learn more and discuss how McCarthy Group can assist you, click here.