Newsletter

Buyer’s Market  Uncertainty

Leads to Cooling Prices

Greetings and thank you to everyone for the good wishes for starting my own business and helping people acquire their largest financial asset. 

The first few months have been a whirlwind – featuring incredible results for our clients. We look forward to continuing to share our news in the coming months.

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With a perfect storm comprised of the war in Ukraine, concern over rising interest rates, and the impending election, the current market conditions are suffering from uncertainty, making for optimal buying conditions. If you are confident in your finances, as well as in the current situation, it’s my opinion that this is the best time to buy. 

Buy when others are fearful - according to market watchers much smarter than I am. Last year was a race among buyers to purchase property – FOMO led to the property market reaching overdrive. Paying well over market value, buyers were jumping over each other to secure a property. 

This year provides an opportunity to buy property in a significantly cooler environment: The news is causing people to pause their searches. An interesting case in human psychology, the herd mentality is alive within us. Contact us if you want to break away from the herd and leverage the uncertainty to purchase property at a lower price than that of just a year ago.

The commonly revised price guides, as well as the number of properties passing at auction, are strong indicators of the current divide between seller and buyer expectations. While the sellers think their price should reflect the conditions of August 2021, buyers are jumping ahead to six weeks from today. 

The current market is a mix of high-quality, A-grade properties selling well and less desirable properties offering a more even playing field. The market has returned to how it should be: Buyers being picky about purchasing their largest financial asset. 

We can help you or someone you know secure a property under favourable buying conditions. Whether you’re interested in a home, property for development, an investment, or a vendor advisory, we can help you find an ideal purchase. As an experienced local buyers agent, we have an in-depth understanding of market trends, ensuring that we provide you with valuable insights to support your decision-making. Contact us today, and we’ll take you step-by-step through the journey of purchasing your largest financial asset.