In the winter of Australian Property Market, which types of people must buy?

2022-09-16 15:29

In the winter of Australian Property Market, which types of people must buy?

Faced with the impact of several interest rate hikes by the RBA, Sydney's northern, north coast, upper and lower north shores, Bondi Junction and eastern areas, where house prices had skyrocketed by 20-25%, all experienced a 0.9-1.5% cooling.

There is silence among the people, and many self-media continue to sing badly, which discourages many friends who originally planned to buy a house, especially many friends who are planning to buy their first property after getting PR.

Today's article will help you, who are hesitant in the face of the housing market, find your next move.

Owner-occupier buyers can enter the market at any time

If you're buying your own home, especially a first-time home buyer, any time is a good time to be on the market. Because as a self-occupied residence, the buyer is likely to live in it for 10 or even more than 20 years. Such a long holding time has spanned at least 4 real estate cycles, and the current short-term house price fluctuations are actually in the entire long-term development. The impact is very small.

The goal of self-occupied housing is to live, and the need for investment is not the first factor to be considered at this moment.

If you have a house now that can make your life comfortable, have a stable marriage, worry-free children's education, and meet the planning of future work, then buy with confidence.

Real estate experience in different cities cannot be applied to each other

Every city in Australia has its own special circumstances, such as topography, population composition, income level and industrial structure are all different, and even the tax policies related to real estate in each state are different!

Therefore, each city has its own unique real estate cycle and investment focus. You cannot use the experience and theory of investing in Melbourne to look at Sydney, let alone apply the investment philosophy of Canberra to other cities in the country.

The decline in the national market does not represent an overall retreat in unison for all cities, regions, streets and housing types. It may have a greater impact on Sydney and Melbourne, and a weaker impact on Adelaide. It may not even have an impact on Canberra. Instead, it will continue to rise against the trend under its own unique conditions.

Different cities have different ideas, and this concept must be clarified.

Investment properties can still be bought in a high interest rate and cold market

To achieve this, there must be prerequisites and investigations must be done. For example, after investigation, it was found that in the first 20 years of a region, housing prices have been able to get rid of the national real estate cycle and steadily increase in value. Even if the overall environment is bad, it can still grow in small steps, so this region does not need to consider the national market cycle, no need to If you are worried about holding it for a long time, you can start directly. Canberra is such an area.

The other is an emerging development zone or a priority development zone with relatively low prices. At the beginning of the development of these places, because most of the infrastructure has not been completed, compared with mature communities with a lot of traffic, the "selling appearance" may not look good, and therefore the housing price is much lower than that of mature communities.

But if the population here grows, community education resources, and road traffic development are proceeding in an orderly manner, then there is no need to worry at all, because no matter how bad the environment is, the land price will not be greatly affected, plus the current labor cost , building materials have soared, and house prices in such areas have no room to fall, so it is also a good choice.

No one can precisely step on the lowest point

Many young or experienced investors think that they are smarter than the market, and firmly believe that with their own experience and judgment, they can definitely buy the lowest price and obtain huge returns.

However, we all know that whether it is stock or real estate investment, it is actually a long-term investment type. It is especially taboo to operate too frequently in the short term, and the actual meaning of the bottom-hunting opportunity is much smaller.

In order to curb inflation, the Australian government has forcibly raised interest rates to stabilize prices. If prices are stabilized, GDP and employment are also stabilized, then the task of raising interest rates will be completed, and the government will lower interest rates at any time in advance, allowing the real estate market to enter a new growth cycle, and these changes will depend on the future. Monthly market conditions, when will the market situation change? The Australian government has to observe it first and then confirm it. How can buyers be so accurate?

Therefore, at present, buyers' own research combined with professional support, purchase high-quality real estate at a suitable price, and hold it for a long time, in order to achieve the ultimate income and success in real estate investment.

If you have concerns about buying a house and the timing of buying a house, please pick up the phone and contact us immediately and make an appointment with us to see the house.

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