Is it the right time to buy property in Sydney?

Is it the right time to buy property in Sydney?

In the midst of Property market falling, a throng of buyers are keen to purchase but are waiting on the sidelines for hitting the bull’s-eye, signalling a trough and promising optimal timing for those opportunistic buyers. Unfortunately, it doesn’t work like this as we analyse the data from the past three decades. It’s quite clear that Sydney has likely bottomed out at the end of last year, and we’re now seeing prices recover in certain areas, such as the premium locations. House prices in Adelaide and Perth also bounced back, rising by 0.4 per cent and 1.2 per cent respectively. Melbourne and Brisbane have stabilised, with values falling by 0.5 per cent and 0.1 per cent respectively.

Property markets move up and down alternatingly and while the short-term trends may be flat or downwards, the long-term trend has consistently soared. Once the assemblages feel that it’s a favourable time to buy when inflation is under control and interest rates stop rising, they will backfire the market and we’ll see value growth yet again. Thus there is no such best and worst timing to consider the purchase as property price falls are just the tip of the iceberg. 

On account of this, no matter whether you’re looking for a home or investment property, no matter whether you’re rich or poor, high income or low income, you’re generally always better off buying now rather than later. Promptly grab the opportunity on property investment with a long-term focus while other consumer’s confidence is low and many prospective home buyers and investors are sitting on the sidelines. 

If your income is secure and the time is convenient for you, straightaway and today may be an absolute time to obtain an initial stable position in the Sydney property market while others are sitting on the sidelines to hit the bull’s eyes. Of course, the Sydney housing market won’t thrive again any time soon, but anyone who buys an A-grade home or investment-grade property in Sydney will look back in a couple of years’ time and discern they bought a bargain. 

Keep in touch with us. To help you with a better understanding of what’s really going on, Active Mortgage & Finance will provide you the exposure of nitty-gritty behind Sydney’s market trends, the areas where long-term growth is still likely, and the impact of shifting demographics on the city’s future performance. As for the home or investment loan you needn’t to worry, we are always committed to providing you with secure and tailored solutions that meet your individual needs.

CEO, Senior Mortgage Broker

Lekha Gurung

Lekha Gurung is an experienced mortgage broker from Sydney who expert in assisting first-home buyers, property investors, refinancing, etc. He has settled more than 300 loans till now. Our Services include First Home Buyers Loans, Investment Loans, Refinancing, Personal Loans, Business Loans, Reverse Mortgage, Credit Default Loan, Low Docs Loan, assistance in property research, and Insurance referral arrangements.

Additionally, Lekha Gurung offers Free Home Loan Consulting and Home Loan Advice. Recognizing the complexities of the mortgage process, these no-cost, personalized consultations are available for free to everyone. Lekha will provide expert guidance tailored to your financial needs, ensuring you make informed decisions in your property financing journey. Simply fill out a form and pick a date to book your Free Session today!

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Active Mortgage and Finance
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Phone: 02 9797 9069, 0425 848 409