Buyers agents say there are good buyer opportunities than the past two years.Advertisement
The ‘Time to buy a dwelling’ measure rose 2.9 per cent in the past month, but is still in pessimistic territory, where it has been for the last six months. At 80.5 points, it is down 39 per cent from its peak in November 2020. Its Home Buying Index rose 10 per cent in August after two previous months of declines, but remains 23.6 per cent lower year-on-year.Westpac senior economist Matthew Hassan said rapid interest rate rises have hampered buyers’ power in the market.
Buyer’s agents say buyers should not focus on timing the market, but instead buy the right home for them.In Sydney, which has led the downturn, senior buyer’s agent Paul Wilcox at Oasis Skeen said it was a good time to buy for homeowners who have finance approved, even if there are some further price falls on the cards.
TawarRazaghi Buy now? Australia's are still flushed with cash thanks to Morrison giving people money to playstation at home! Cpi going to get crazy here!
TawarRazaghi At least 2 more 50 point IR rises locked in now with US inflation figure overnight and their 75 point rise coming up. TERRIBLE time to buy. 20% fall in prices coming.
TawarRazaghi I'll wait till there's blood on the floor before buying in. Inflation and interest rates have a way to go
TawarRazaghi Yea the house I wanted was 1mill it’s now 999,995 🤦♂️
TawarRazaghi Yep, talk the market up.😎
TawarRazaghi Who reads sh1t like this and believes it? Confidence is edging up! Confidence is down 40% according to the article. Prices in Kiwi are down 22% in some major regions. Australia is about to be pole-axed. DO NOT BUY NOW. DO NOT.
TawarRazaghi If you have the money, it's always a good time in the right place.