An expert in Australian property has said that now is a good time for investors to take advantage of keen sellers, but that they must buy now to benefit.
Writing for SmartCompany.com, Michael Yardney, a best-selling author and a leading expert in Australian property, has said that now is the ideal time for people buying property in Australia to make their move.
Mr Yardney predicted that Australia would see its housing markets "softening further" in the coming month, as price growth continues to slow.
Although he warned that this does not mean prices will fall, he suggested that they may in some areas, particularly at the lower end of the market, if interest rates start to rise.
He wrote: "If you are in the market for a home or an investment this means it's a good time to take advantage of keen sellers. The market has moved from a seller's market to a buyer's market, but you can only take advantage of it if you buy."
Earlier this month, Bloomberg reported that, as the number of new construction projects is falling, now may be a good time for buying property in Australia as a housing shortage could potentially boost values.
Posted by Craig Francis
Writing for SmartCompany.com, Michael Yardney, a best-selling author and a leading expert in Australian property, has said that now is the ideal time for people buying property in Australia to make their move.
Mr Yardney predicted that Australia would see its housing markets "softening further" in the coming month, as price growth continues to slow.
Although he warned that this does not mean prices will fall, he suggested that they may in some areas, particularly at the lower end of the market, if interest rates start to rise.
He wrote: "If you are in the market for a home or an investment this means it's a good time to take advantage of keen sellers. The market has moved from a seller's market to a buyer's market, but you can only take advantage of it if you buy."
Earlier this month, Bloomberg reported that, as the number of new construction projects is falling, now may be a good time for buying property in Australia as a housing shortage could potentially boost values.
Posted by Craig Francis
