Why home seekers aren’t buying despite favourable market conditions - realestate.com.au

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Why home seekers aren’t buying

Many would-be home buyers with pre-approval on a loan are failing to take advantage of favourable purchasing conditions because they’re struggling to find suitable properties.

“Buyers are getting their finance pre-approval, but difficulties afterwards with locating and negotiating on a property are causing them to take considerably longer than they should to contract,” he said. Mr Aggett said buyers often had the wrong priorities. “Most buyers put a focus on getting finance ready and what the statistics suggest is there is no emphasis on getting themselves what we call, ‘buyer ready’.”

 

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Something do do with unaffordable houses?

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