There is plenty of evidence that our property markets have changed.
The hot ‘sellers’ market’ we saw in the past few years, where vendors called the shots and the price of many properties increased at a dizzying rate, is now gone.
Now there are more properties for sale than there are buyers, because many buyers are becoming a little nervous and holding back with their purchase decisions.
We are now in a ‘buyers’ market’ — where home-owners and investors have the balance of power on their side.
So, should you buy now or wait for prices to drop further? And which properties are likely to suffer most in a buyers’ market?
I will answer any questions over the week regarding this. For Private Conversation, email me: Ibadat@investorsmortgage.com.au OR leave a comment with the question.