Dear Fellow Property Investor,
Melbourne home buyers have been warned it’s a “critical moment” with just days left to secure a home before Christmas.
Property experts are advising to “seize the opportunity now”, with Melbourne offering some of the most competitive deals nationally.
However, experts are warning a potential interest rate in the new year will bump up prices.
With 1369 properties slated for auction it is expected buyers will remain very much in control.
PropTrack senior economist Paul Ryan said Melbourne’s auction clearance rate from last week sat at a steady 58 per cent, “signalling a strong buyer’s market”.
“Buyers are feeling confident, playing sellers off against each other in hopes of securing favourable deals,” Mr Ryan said.
“As we hurtle towards the New Year, with over 1300 auctions set for this weekend, Melbourne buyers face a critical moment to get into the market now.
“Those buyers who capitalise on the current surplus of stock are likely to secure homes before the market activity drops over the Christmas period.”
Buyers advocate Cate Bakos said the amount of homes on the market presents a “golden opportunity” to wrap up the perfect pre-Christmas gift – a new home.
“We’ve had the most stock on the market since October 2012 – so from a supply and demand point of view it’s perfect for buyers,” Ms Bakos said.
“As we get closer to Christmas buyers will get wrapped up in their plans and their attention span won’t be focused on property shopping.
“From a vendors perspective they might want to sell their properties before Christmas for financial reasons.”
So let me ask you a question…
Do you have a game plan for 2024 and for 2025?
Or will you watch savvy, educated, market-ready investors snap up all the bargains at the recovery phase of the Melbourne property cycle (which, in my opinion, is RIGHT NOW!)
Or, will you join them?
The choice is yours!
So, what are you waiting for?
Reserve your place and join me and 55 like-minded property investors for the final Real Estate Investing Fast Track Weekend for 2024!
Click HERE to reserve your seat now!