We are seeing a wide variety of new properties come onto the market, now trading either at or below Bank valuation. Along with a softer market, we've observed a market decline of around -10-15% over the last few months, depending on the property and location. As vendors are acutely aware of continued global macro-economic pressures, many are looking to transact quickly, and as such are willing to be more realistic on pricing and negotiations.
If you are looking to Buy for Self-use, now is an excellent time to purchase. We are finally seeing more supply come into the market, creating opportunities to acquire assets rarely available at more realistic pricing. Buyers are also looking to lock in more attractive interest rates before there are further increases.
So take advantage of these market conditions, and see our latest listings edit, all priced at or below Bank valuation.