Navigating today’s property market, are you prepared?
There’s a real buzz at open homes across Australia right now. Falling interest rates, upcoming changes to the First Home Guarantee (starting 1 October), coupled with fewer quality properties on the market mean buyers and investors are eager to secure the best opportunities. It’s an exciting time, but it can also feel a bit overwhelming with so much happening in the market.
The team at www.realestate.com.au recently reported on this demand stating that "Perth, Adelaide and Brisbane are likely to be the most impacted by rate cuts" because they already have an undersupply of stock. They went on to say that, "the following signs usually indicate higher levels of buyer demand, meaning you are probably walking into a highly competitive market.
* High attendance at open inspections
* High bidder registrations at auctions
* Lower levels of properties listed for sale
* Properties selling quickly
* Sales prices rising rapidly
If you’re buying your first home, you might have questions about these new policies or how your options are changing. For current homeowners thinking about an upgrade, staying a step ahead is key to making the move you want.
All of this leads to why being "finance ready" makes such a difference. Having the right advice and knowing your options means you can move quickly and with confidence, whether you’re starting out or moving up.
Melinda Jennison, President of the Real Estate Buyers Agent Association, put it simply in a recent article: "Being finance-ready is also important. Being able to get a final approval on finance in the shortest time frame possible is very helpful as it adds more certainty to your offer".
The Finance Brokers team is here to help you every step of the way. We get how complicated things can seem, so we make the finance process smooth and straightforward. We’ll answer your questions, outline your choices, and support you in making decisions that are right for you.
Thinking of buying or upgrading? Reach out to The Finance Brokers today. We’ll help you get set, so when the opportunity comes along, you’ll be ready to make it yours!