30/09/2021
IT'S A PROPERTY WARZONE!
How to find your next home in this market? For most prospective property buyers, it's like a warzone out there at the moment.
Property prices are exploding left, right & centre, particularly on the eastern seaboard. The majority of properties for sale are being sold at auction, and if you want even a chance to buy these days, you have to be ready to offer your first born child, or at the very least, your kidneys as your last bid in an attempt to win the day!
Most buyers are likely to have been searching for the right property for a while, and perhaps even lost several purchases already to higher offers. When you take a hot market fuelled by low interest rates and a severe lack of supply, and you throw in many buyers who have just missed out on their home purchase again and again because of soaring prices.
What do you get??? You get a self propelling cycle of desperate buyers, now willing to accept a 'lesser home' and pay more money coz they 'just want in'! And thus the price surge continues!
In this video, I talk about a search tool that helps you find property in Australia that you can afford to buy based on what savings you have. It's a cool tool. Good to know, but more so I cover how you can use this market to your advantage particularly if the home of your dreams currently seems like it's being swiftly carried away by a wave of rising house prices.
Tag and share this post with a friend if you know they could use this info to help them get their next home or next investment and if you want to know more about property investment you can watch more videos like this on my YouTube channel.