Probably the most positive news to come from an investment fund manager.
Investment analysts at AMP believe Melbourne and Sydney property prices could rebound by as much as 10%!
While that's good news for property owners and vendors, first home buyers might want to get in soon.
Judging from recent auction results, the FOMO (Fear Of Missing Out) monster might be coming back soon, especially for properties in in-demand areas. We're starting to see properties being sold for $100,000 to $200,000 over the reserve.
With typical DIY buying taking over 6 to 9 months, buyers could be missing out on the good deals now. Getting a buyer agent to help with your property purchase is a quick way to land the property your dream home faster. Studies have shown that buyer agenst typically secure a property for their clients within 2 to 3 months. That's half your buying time. That's primarily because they are always researching properties, and are able to spot a good property or a good bargain in split second. They also have access to off-market properties where there are less competition and where you chances of landing a good buy is higher.
Still not convinced? Have a complimentary consultation with us. Try us out. Let us help secure your property before prices run away.
https://www.businessinsider.com.au/sydney-melbourne-prices-auction-clearance-rates-2019-7
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