06/01/2026
Have you made the below comments or had those thoughts?
• “I’m not buying in this market, I’ll wait for prices to come down first.”
• “There’s no way that property is worth that much, I’ll wait for one that’s priced correctly.”
I’m not a property expert & no one ever wants to feel like they’ve overpaid for a property. It’s natural to question value when prices have moved quickly or competition feels intense.
What’s important to remember, is that property value is ultimately determined by the market at that point in time & not by what prices were last year, or what we think they should be worth. If multiple buyers are willing and able to pay a certain price, that becomes the market value, regardless of how uncomfortable it may feel.
Waiting for prices to fall can sometimes work, but it also comes with risk. While buyers wait & watch, prices may continue to rise, competition can increase, and borrowing conditions can change. In many cases, people end up paying more later & not just in purchase price, but also in higher interest rates or missed growth.
Time in the market often matters more than timing the market. For owner occupiers especially, buying a home that suits your long term needs and budget can be more important than trying to pick the perfect entry point.
Every situation is different, and there’s no perfect approach. The right decision depends on your goals, financial position, risk tolerance, and timeframe.
If you’re unsure whether now is the right time to buy, or just want to talk through your options, I’m always happy to have a conversation.
https://calendly.com/lewisjohnston
