Is A Slowing Real Estate Market All Bad News?

Who doesn't love a buoyant Real Estate market? We know that we do! We know that our customers who have sold homes over the last few years do - especially those who have owned their property upward of 5 years. But like all good things, it must come to an end. And if the Domain Auction Clearance rates of 48% from this weekend are anything to go by, the market has certainly plateaued.

But is it all bad news? We don't think so. If you own a home and are thinking of selling, you may sell for less, but you will also buy for less. If you don't own a home and are thinking of buying, then of course softening prices are ideal for you. If you are looking to leverage the equity you hold in your existing home and build for your future with an investment property, then now may be a perfect time to buy.

If you are pretty happy with your lot and have no intention of doing anything at the moment, then you also have no reason to worry.

The only time a falling market is a bad thing is when you have to sell because of mortgage stress or another life change and you have no intention of buying something else. This can of course impact the money that you walk away with at the end of the process - especially when you have a high loan to value ratio on your home loan.

So don't let the media hype get you down. The opportunities in a slowing market are endless and sometimes greater than those available in a buoyant market.

We have recently had many clients looking to upgrade to a bigger home, and keep their existing home as an investment, or purchasing an investment property and use their current equity for a deposit.

Maybe it's time to grab your calculator and notepad and start thinking about how you can benefit from the emerging buyers market.

As always, I am available to help with any questions or offer any help you may need. Im only a phone call or email away.

Happy Planning!

Gus