New data shows that an average of 6.1% of homes nationally are re-listed within two years of purchase. Why?
Whilst Victoria’s rates are the second lowest, coming in at 4.3%, the top reason for homeowners re-listing their property within two years is relocation, closely followed by financial stress, such as being unable to keep up with mortgage repayments and selling to avoid defaulting on their loan. Lifestyle changes, such as marriage, divorce and having a baby was the third most common reason.
Other reasons include real estate investment or property flipping, which is where buyers purchase a property with the intention of renovating it and reselling it quickly, followed by market appreciation, neighbourhood dissatisfaction and property defects.
If you are looking to re-list your property, get in touch with Chamberlain Property Advocates today to discuss how we can help.
To book a free 20 minute connection call, simply click here and choose a time convenient to you. Alternatively, give me a call on 03 9686 2288 to discuss how I can help.
By Wendy Chamberlain
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With a passion for all things real estate spanning 20 years, Wendy loves that her role as a Buyers and Sellers Advocate gives her buying and selling clients an experienced voice they can trust when it comes to negotiating to buy or sell something as important as their home or investment. Wendy considers it a privilege to be asked to help others realise such an important goal as home ownership and to be trusted with that honour. Get in touch today via www.chamberlainadvocates.com.au for a no obligation chat about how Wendy can work with you and help you save time and money to secure your new home sooner.