We have buyers

Hi Amy

The market has most definitely slowed, there will always be buyers in the market that aspire to own the one thing that most people dream of owning... Real Estate however the number of these people have dwindled over the last 2-3 months.
Everybody seems to be blaming the carbon tax etc but I personally think we were experiencing a “bubble market” from 2009 until the beginning of this year due to all the government incentives followed by the world financial crisis, the level of growth witnessed in this short amount of time was unsustainable and in the face of an unpredictable economy and government buyers have now decided to sit on there hands for a while.
I have also noticed that the banks have tightened there purse strings, it seems to me that lately they are only wanting to do business with the right people, those with big deposits and high incomes that leaves Mr and Mrs Average in a position where they have no choice but to keep saving until they are able to gain finance. I work in a beachside suburb of Sydney only 10min drive from Sydney international airport and 15-20 min drive to the C.B.D, I think we are usually one of the 1st areas to witness change in the market due to there never being a real not for sale which is still the case but still we find ourselves struggling to find the “right” buyer. This is my humble opinion on the matter but one thing’s for sure....The market has slowed.