The buyer's dilemma: to nab a bargain or wait it out
Falling prices and the retreat of established investors appear to offer first home buyers a rare opening, but widespread uncertainty is keeping many on the sidelines.
An empty open home or a property passing in at auction can unsettle prospective buyers, but understanding local buyer activity and changing market conditions is more useful than reading too much into a single result. (Image source: Lerbank-bbk22/Shutterstock.com + API Magazine)
Downturns bring all kinds of challenges and opportunities for buyers. And like all downturns, the media tend to have a field day with the headlines. From dire banking economist predictions to median value reports, the constant barrage of negative news is nothing short of scary.
This current downturn
is a little different to the previous three downturns we’ve felt over the last eight years.The 2018/2019 downturn was broadly led by a combination o…
