Market Report June 2022
20 June 2022
With the increase in interest rates, pre-approvals are becoming a lengthier process as well as the total value that banks are willing to lend. What this means is that those with existing pre-approvals are eager to purchase – and with supply levels still low, it means it's a great time to sell.

"Over the past couple of months, we've seen a real shift in our buyer profile," says Nick Bordin. "Many out of area buyers have paused their search and it's our locals who are making up the majority of our sales. The owner / occupier market is very strong with buyers looking to both upsize and downsize right across the Ballina Shire.”

Throughout winter, we anticipate to see these lower stock levels continue and with many buyers still looking for new homes across the region, it's the perfect opportunity to ensure your property is seen."

The price of entry level properties are making it difficult for first home buyers to enter the market so the demand for rental properties remains high.

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