The end of the year is fast approaching and you may be thinking if you’ve missed the boat when it comes to investing before 2024.
Well you’ve come to the right place. Now is the best time to invest in property and we’ll tell you all about it in just a few short dot points.
Listings will increase from now until the end of November
Real estate in Australia is cyclical, and every year we see the same pattern. Normally there is a quiet period around September, and then the market is teaming with new listings from October to November.
The industry generally shuts down for Christmas, so listings begin to trickle down in December. If you’re reading this now, it’s the best time to browse the best deals in November 2023.
Sellers will be looking to settle before the end of the year
As the end of the year approaches, many sellers will have already bought a new property and they’ll be looking to settle before the year closes.
This means you may be able to snag a once in a lifetime deal if you time it right. Looking to browse properties? Download our Portfolio App to track your existing properties and compare it to the rest of the market.
The market won’t pick up again until February 2024
Many industries experience a lull over the Christmas period and real estate is no exception. If you’re looking to invest in property before the end of the year, then now is the right time.
Decreasing interest rates will bring prices in some areas up
Economic conditions in Australia are beginning to settle and it is estimated that interest rates wil begin to decline next year. On top of this, there are a few locations where it’s estimated property values will reach peak prices early next year, meaning there is a small window now left to invest in them.
We covered the best areas to invest in right now in this blog post, but you can also see how prices are shifting in Adelaide and Perth to get a better sense of how the market is changing.
So there you have it. Now really is the best time of year and we’re not just saying that. Want to stop thinking and start making it really happen? Talk with our team to see if you have the budget to invest in a property right now.