This is the question on everyone’s mind, whether you are interested in buying your first home, your first investment property, moving from your existing home or expanding your portfolio. Is now the right time to buy or should I wait?
Should I just wait for the market to crash? ‘The media headlines tell me now is a bad time to buy’.
Now it’s a very broad question and subjective to each situation but lets talk more about it..
The opportunity for first home buyers right now is that prices have reduced close to pre-pandemic levels. If you were sitting there thinking, ‘I wish I bought at the start of COVID lockdowns, now is a great time for you to secure something close to pre-pandemic prices.
There is also plenty of government incentives to help and encourage first home buyers into the market. These incentives will also be expanded at the beginning of 2023 which we expect will put upward pressure in certain markets because of the lower barrier to entry.
If you need more information on first home buyer incentives, please reach out for a chat.