Page 5 - Luton eBook - Our outlook for 2019

Welcome to another HERE ARE SOME

wonderful year of real PREDICTIONS

estate! While we don’t FOR CANBERRA

have a crystal ball IN 2019:

to accurately predict

what will happen in 1. This isn’t a guess – there IS a

the Canberra real general election looming! While this
will affect every state and territory
estate market in 2019, real estate market to some extent,

we do have some we lucky Capital Territorians are
particularly impacted. As approx.
informed guesses 45% of our work force are public
servants, any pending change or
to offer you, based return of government usually means

on our experience in a shake-up across all government
departments. This in turn means
previous years and our that 45% of local buyers or sellers
put their moving plans on hold until
understanding of the they know if they will have a job,

‘usual’ market cycles. and, if it will be in Canberra or not.

As any changes will not become
clear until a little while after the
election, we predict the Canberra
real estate market will be very quiet
from Easter (if a May election is
called) until spring this year.

2. We had a busier than usual
January last month and expect to
remain busy until mid-April, partly
because we are advising our sellers
to get into the market as soon
as they are ready. We only have 8
more ‘selling Saturdays’ between
16 February and Easter Saturday.
This, combined with the Anzac Day
long weekend after Easter, school
holidays and the election in May,

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