Not bad.
That’s a pretty standard answer.
Pretty vanilla. Pretty non descriptive. Pretty cliche.
But, also a pretty fair description of the Alice Springs property market.
The market may be a bit flat. It may be going through a bit of a correction. But, overall, it’s appears solid.
If you want to sell your house now, you need to – “meet the market” – as they say. That means adjusting your price a bit. Maybe a bit downward from what you may have asked a year ago. But, this adjusted price will still be quite handsome. It’ll still be pretty high for most home buyers.
If you bought last year, the price you ask today may not appear very exciting. But, if you bought 5 years ago, you should still walk away with a handy profit.
For more discussion about the status of the Alice Springs property market see the latest Property Investor Ideas Exchange (PIIX) article, “Alice Springs: Protected and Insulated …”