Property cycles and the ups and downs we see with it are to be expected. We have gone through a period where owners and investors have seen an unprecedented 11yrs of rate decline, which has led to steady market increase, but overall this is hard to predict the exact times of peak and trough.

Looking at the average of property asking prices since 2009 as per the SQM research, you will see the prices up and down, boom and peak, and the asking prices are representative of this, through challenges and opportunistic times.

Property has always historically been a long term investment, along with most major asset classes. Property will never be bought at the complete bottom at sold at the complete top of the market (unless you have a crystal ball, in which case I'd love to borrow it!)

In short, the longer the hold, as told by historic pricing indicators, the less relevant the initial purchase becomes.

If you are looking at purchasing your first home, next home or investment, it is advisable to do so when you see key market indicators in your favour, such as large supply coming on and less buyers which presents opportunities in what is known as a 'buyers market' as supply and demand are in the favour of the buyer.

This doesn't necessarily mean to rush, always do thorough research, take your time and remove any emotion out of the journey. When the property that ticks all your boxes comes along, go for it!

Please reach out for a free consultation on how we can help you

Reference material - SQM research and ABS data

Please note this is not financial advice and past performance is not always an indication of future performance and to do your own research prior to investing