Some are advicing to wait and buy later some are saying buy now?
But seems the houses being sold are reducing..
Any thoughts on this?
But seems the houses being sold are reducing..
Any thoughts on this?
Is the sellers market over?
- Thread starter naijacoder
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And in which areas in VIC do you think it will affect
by your first post I looked like you were telling the story?
Some areas are still going up.
For how much longer?
It will depend on the rates to a large degree, and also the Lenders. They are withdrawing some products and making it harder for everyone to qualify for finance, so expect less buyers around in the near future.
My feeling is the areas where the buyers who have better incomes, and have used them to get high LVR's, maxed-out serviceability and doodad lifestyles will be the first to show drops, or significant slow-downs.
For how much longer?
It will depend on the rates to a large degree, and also the Lenders. They are withdrawing some products and making it harder for everyone to qualify for finance, so expect less buyers around in the near future.
My feeling is the areas where the buyers who have better incomes, and have used them to get high LVR's, maxed-out serviceability and doodad lifestyles will be the first to show drops, or significant slow-downs.
The seller market in Melbourne East and South East areas are definitely over, with low sale at auctions rate. For whatever reasons, many passed in do not appear in Auction Results.
In one instance, an agent showed in the newspaper Auction Results, having 3 properties sold at auctions. Aweful result. Looks like 100% auction rates.
Not, they actually had 12 auctions. The result of the other 9 auctions were not shown anywhere.
In one instance, an agent showed in the newspaper Auction Results, having 3 properties sold at auctions. Aweful result. Looks like 100% auction rates.
Not, they actually had 12 auctions. The result of the other 9 auctions were not shown anywhere.
