The pitfalls of trying to pick when the property market has peaked

in the medium term, but experts warn potential buyers not to focus on trying to pinpoint the bottom of the market.to be in a position to buy would be better served trying to purchase the best quality home they can afford, regardless of whether prices are going up or down, giving them an in-demand product once it comes time to sell, buyers agents say.

Several economists expect the cash rate could rise as early as the second half of this year, or in 2023, and forecast property prices could rise gradually until that point and then dip modestly, perhaps by single digits.Any fall would be eagerly anticipated by home-buying hopefuls who have watched prices soar to record levels over the past year. Home values have risen 25.5 per cent in Sydney over the 12 months to January, 14.9 per cent in Melbourne, and 22.

Mr Harvey adds a vote for buying a home that will grow with a growing family, or a low-maintenance property for a downsizer. Avoid homes on a noisy main road or next to a petrol station, he said. And what of the opposite risk: purchasing at the top of the market on a low deposit and being forced to sell shortly after into a falling market due to unforeseen hardship such as divorce or job loss?

The inevitable interest rate increases will ensure that guessing game will be near impossible to predict.

日本 最新ニュース, 日本 見出し

Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。

The hottest property market you’ve never heard ofCapital city buyers, mainly from Sydney and Melbourne, flocked to the humble Queensland-border town of Terranora in the past year and, as a result, pushed up property prices.
ソース: smh - 🏆 6. / 80 続きを読む »

Why experts say you need to move on the property market now rather than waitAustralians with deposits saved for a property are being advised to get in while they can with an expected increase in interest rates later this year set to make cracking the market even more difficult. 7NEWS Great advice for anyone who can pay off their mortgage within a year 🤡
ソース: 7NewsAustralia - 🏆 11. / 71 続きを読む »

James Bond-like home hits Sydney property market for millionsThe luxury home boasts a 25-metre sandstone tunnel underneath the property, a swimming pool, automated music and lighting, a gym and more. 9News
ソース: 9NewsSyd - 🏆 23. / 51 続きを読む »

James Bond-like home hits Sydney property market for millionsThe luxury home boasts a 25-metre sandstone tunnel underneath the property, a swimming pool, automated music and lighting, a gym and more. 9News
ソース: 9NewsAUS - 🏆 10. / 72 続きを読む »