Are we still in a buyers market or have sellers gained the upper hand?
Buyer confidence in Australia's property markets is increasing but there are still some significant factors that will shape whether buyers or sellers emerge in the ascendency in 2024.
There's been a palpable shift in the property market in recent months, so who now has the upper hand in negotiations? (Image source: Shutterstock.com)
Since the start of this year, property buyers have navigated rising interest rates, high inflation, cost of living pressures and falling consumer confidence.
Despite this, we have seen buyers taking the upper hand when it comes to negotiating.
In the spring selling season
we have witnessed more buyers entering the market, particularly those looking for their first home and trying to secure a property before the market flips to being a seller’s …
