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Have property buyers missed the boat or should they take the plunge?

Property buyers around Australia have seen prices rise rapidly, with many now wondering whether they've left their run too late or if now is the time to jump in.

Tourist watches ferry depart from harbour.
Timing the market exactly is almost mission impossible, but knowing whether to board or disembark is essential. (Image source: Shutterstock.com)

If you have been searching for a home or an investment property throughout 2023, you would have seen first-hand the resilience of Australian property markets.

Despite all the interest rate increases from the Reserve Bank of Australia (RBA), which has resulted with official rates rising 4 per cent over the last year, property prices have not only stopped declining but are now on the rise, and have been for quite a few months.

This has left many …

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