Property market is continuing to cool

I’ve read a few articles in the last week accusing real estate agents of self interest and trying to talk up the market because they have spoken out about the ‘current buyers market’.

Well I agree, right now is a great time to buy real estate.

Yes the new trend of the cautious Aussie consumer who is saving money rather than spending is impacting the market.  Property sales are slow and prices comparatively low with the stats showing the market is continuing to cool. But too often investors get caught up in the negative reports of falling values and fail to see that opportunity exists for buyers when the market is slow. That isn’t real estate self-interest.  That’s supply and demand, the economic reality.

Yes prices may be lower than those achieved in recent years but the underlying value of property in Sydney will remain.  They might take a while to get back to those seen before the GFC but buy at the right price and the opportunity for growth is there. Which means now is the time to negotiate a good deal if you’re looking to upgrade and secure a solid long term investment.