The art of buying a property when there’s none around
With so few properties on the market and listings dropping across the nation, buyers need to apply a range of skills and strategies to secure a dwelling in such a tight market.
A more energised buyer group is challenging the limited supply available in most city and regional markets. (Image source: Shutterstock.com)
Current stock levels in most capital cities are far below the five-year historical average. Vendors are reluctant to sell for a handful reasons.
With rising interest rates
and a lot of talk in the media about the potential for a market downturn, prospective vendors are sitting tight as they wait for conditions to improve before contemplating selling.There’s also challenges associated with finding their next home. It is a chicken and egg scenar…
