Emerald Market Update
A Greener Lifestyle with its Highest Median on Record
The Emerald property marketing remains steady. We still have good buyer demand with buyers competing for properties due to seasonal low stock levels. We are seeing buyers who are seeking a tree-change from suburbia and locals looking to either up or downsize their properties while remaining in the area.
Emerald is currently rated as ‘High Demand’ by realestate.com.au, with the platform receiving an average of 1775 visits per property, 1378 being the Victorian average. Tree-changers continue to lead the charge, with work-from-home opportunities making a leafy lifestyle a reality for many.
Latest figures released by the Real Estate Institute of Victoria (REIV) show the median house price for Emerald is $1,230,000, the highest recorded median for Emerald. This equates to extraordinary median growth of 93% over the past 5 years. Driving factors include demand outstripping supply and competition from buyers.
As buyers continue to make their way to a greener lifestyle, the township of Emerald and surrounds remain highly sought-after.
Our top 2 tips to help you secure the home of your dreams:
Finance
If your purchase involves bank finance, applying for pre-approval is advantageous. This is acknowledgement from your lending institution that you are good for the loan. A pre-approval will allow you to inspect with intent rather than window shop and also add confidence and strength to any offer you put forward.
Making An Offer
An offer is the amount you are prepared to pay for the property; the deposit amount; settlement date; and any conditions such as pest and building inspections and/or finance approval. You need to be comfortable with the offer you are making but keep in mind, a strong offer with favourable conditions is more likely to be accepted by the seller. Learn more.
Our top 2 tips for promoting your property in its best possible light and maximising your end outcome:
Declutter
Nothing says ‘welcome’ like a freshly cleared, neatly presented space. Decluttering doesn't need to be overwhelming, just focus on one room at a time and edit by taking away a few items, the result can be utterly gratifying!
Presentation
Appeal to the senses! Smell – candles, room deodorisers. Touch – style with textured elements such as fluffy throws or knotted rugs. Sight – vases of freshly cut flowers. If you need a little extra help, our professional home stylists are available.
Don’t forget about the exterior of your home, buyers often do drive-by’s before inspecting, and a well maintained exterior and neat garden will ensure they return for the inspection! Learn more.