James says the conclusion of the Federal Election, which saw the property market regain its stability, as well as the recent interest rate cuts, have led areas of Maitland to become a prime seller's market in the current climate.

He points to recent CoreLogic data (visit corelogic.com.au) that reveals decreased stock levels in the local property market, to explain how the scarcity of homes on the market is affecting property prices.

"Supply and demand plays a huge role in shaping property market conditions.

"When demand for property is high but property is scarce, prices tend to scale up in favour of the vendor, creating a seller market" says James.

"This is what we're currently seeing among several of our local suburbs, including Rutherford, Aberglasslyn and Bolwarra Heights, to note just a few.

"In these suburbs, stock levels have decreased at a rate of approximately 20 per cent over the last 12 months, meaning they are becoming sellers markets."

According to James, those that are looking to sell their properties need to sell at a time that will achieve the best outcome for them - and not simply because Spring is upon us.

"Even though the lower stock levels in many of our suburbs is good news for vendors who wish to list their properties, those who may be looking at coming into the market should still be careful and assess their timing when listing property.

"Their focus should be on what market conditions will yield the best outcome for them, more so than the seasons of the year.

"At the end of the day, the decision should rest on what will achieve the optimal outcome for the individual."

To discuss you property with James Rodrick or one of the team at Starr Partners, contact 02 4933 6299, email: maitland@starrpartners.com.au or visit: www.starrpartners.com.au/office/starr-partners-maitland