"Looking holistically at the results, it’s clear to see that activity amongst the luxury markets is slowing. Potential purchasers of high value real estate (representative of the top 20% of suburbs) are likely to have been impacted by the recent share market volatility and the economic uncertainty filtering out of the USA and Europe. On the other hand, it is likely that the most affordable end of the market is also not performing as strongly as the middle market, due to the fact that this market is mostly characterised by first home buyers and low income families. The lower priced end of the market is more adversely affected by higher interest rates and tighter lending criteria from the banks. Given these factors, the ‘middle market’, representative of the ‘average’ Australian property buyer is currently the strongest performer."
Our thoughts: Value is clearly returning to the market, this needs to be tempered with the time of year and lower volumes of stock - we are also facing a federal election (which whilst in our view it should't impact the decision to invest in property, it clearly does), uncertainity with interest rates, volatility in the stock markets and diminishing confidence has resulted more broadly, but in considering the purchase of a new home or investment property now is a good time to buy and most certainly - represented buyers are getting the advantage in the market when considering value, gaining access to off-market properties and so on. I am reminded of the often touted "super coach" of rugby league - Jack Gibson, the game is simple..."if you want to win, play where the seagulls are on the pitch" implying, the opportunity is where no-one is or looking, because the barriers and competition - and therefore the hard way through; is where the players are...I too prefer the easier softer way. You deserve the upperhand by leveraging expert advice in not just this - all things, we do this in most other areas of life and business...isn't better to keep it simple?
Our thoughts: Value is clearly returning to the market, this needs to be tempered with the time of year and lower volumes of stock - we are also facing a federal election (which whilst in our view it should't impact the decision to invest in property, it clearly does), uncertainity with interest rates, volatility in the stock markets and diminishing confidence has resulted more broadly, but in considering the purchase of a new home or investment property now is a good time to buy and most certainly - represented buyers are getting the advantage in the market when considering value, gaining access to off-market properties and so on. I am reminded of the often touted "super coach" of rugby league - Jack Gibson, the game is simple..."if you want to win, play where the seagulls are on the pitch" implying, the opportunity is where no-one is or looking, because the barriers and competition - and therefore the hard way through; is where the players are...I too prefer the easier softer way. You deserve the upperhand by leveraging expert advice in not just this - all things, we do this in most other areas of life and business...isn't better to keep it simple?
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