How to buy best in a superheated market
Australia’s red hot markets mean due diligence is more important than ever for investors - here are some expert insights on how to make sure you don't pay too much as property sales and price growth go into overdrive.
With supply levels being stretched by insatiable demand, investors need to be wary of paying too much for property. Photo: Shutterstock (Image source: Shutterstock.com)
It’s not an exaggeration to say that Australia’s property market has never been hotter.
Low levels of advertised homes and droves of keen buyers have combined to push prices up to new highs, while transactions are running hot despite the challenges of lockdown - making buying an investment property a tricky proposition.
Data released by CoreLogic this month showed there were nearly 598,000 house and unit sales recorded over the year to August …
