They might have already bought elsewhere, or need to sell for personal, health or financial reasons.
Some motivated sellers have just become caught up in a tide of downsizing – and dived in so enthusiastically, they bought before they sold. Others might be motivated as they need a bigger home with another child on the way, says Rich Harvey of buyers’ agents Propertybuyer.com.au. Or they’re moving jobs, there’s a deceased estate or there’s a separation, divorce or family break-up.
“It’s definitely going to hurt but I don’t think we’ll see a flow-on effect in motivated sales as much as some would have us believe.“People are getting ready to cope with it, and they already have equity in their homes, and there’s a massive number now refinancing for better deals. We’re also now close to the end of interest rate rises and confidence is rising as a result.