Mark Armstrong, Founder of RateMyAgent joins Dave to discuss 2021 property market predictions and what sellers can do to achieve sale happiness this year.
- Nationally, vendor sale price happiness is up 4% in the last 12 months despite COVID-19 pandemic
- Vendor happiness is at 56% – the highest sale price satisfaction result reported
- The ACT experienced the largest increase in satisfaction over the year, while regional areas reported higher satisfaction levels than metro sellers.
- RateMyAgent encourages Australians to achieve sale-price-satisfaction by connecting with trusted real estate agents and brokers
Since the beginning of the pandemic, the property market has recovered remarkably and with strong buyer demand, a significant increase in supply and historically low interest rates in play, is set to meet industry predictions of a 2021 property market boom.
New research has revealed that Aussies’ happiness is improving when it comes to property sale price expectations, with seller satisfaction rising 10% during 2020. Preliminary data for the first quarter of 2021 indicates national vendor happiness is currently at 56% – the highest result reported since 2018.
Results from RateMyAgent’s new quarterly Price Expectation Report (October – December 2020) showed a significant increase in overall national satisfaction. Net happiness has increased by 15% since Q2 2020 (41%), indicative of a strong recovery trend post COVID-19.
The ACT and Western Australia experienced the largest increases in satisfaction over the year, highlighting a positive upturn in the Australian property market for the year ahead.
With the property boom underway and houses flying off the market, RateMyAgent encourages Australians to join the party of price-satisfied sellers by connecting with trusted and recommended real estate agents and mortgage brokers.