Property and the end of financial year, a few things worth thinking about
End of financial year tends to focus the mind on property in two distinct ways depending on which side of the fence you're on. Investors start thinking about depreciation schedules, capital gains timing, whether to hold, divest or restructure before the new financial year begins, and how the next year's interest rate path might affect their position. Owner-occupiers start thinking about spring, which sounds early but isn't, because the homes that launch best in September are the ones where the planning, presentation work and styling decisions started in July, not the ones thrown together in a fortnight in August.
Both conversations benefit from being had now rather than in six weeks when everyone else is having them, and when the good trades, stylists and photographers are already booked. The investors I've spoken to recently are weighing up a specific question. Hold and ride the next cycle, or divest into the current strength of the market and reposition. There's no single right answer, but the right answer for your portfolio depends on your full picture, not on what the headlines are saying. The owner-occupiers thinking about spring are mostly underestimating how much lead time a well-run campaign actually needs.
We're booking in mid-year property reviews through June and into early July. These are working sessions, not sales pitches. We walk the property with you, give you a realistic current market read, talk through whether spring, summer or holding is the right call for your situation, and leave you with a plan whether you list with us or not. Book an appraisal and let's get you into the diary before the EOFY rush.
Felicity Austin Director, Glynis Austin Properties
0478 99 88 11