buy, buy, buy

I’ve said it before, I’ll say it again – when the market is uncertain, smart people act.

Smart buyers start paying attention when they cross match underlying economic fundamentals with phrases like: Uncertain property market! Increase in days on market! Increasing stock levels! Low auction clearance rates! Basically when you are a savvy buyer, you know that there is good opportunity hiding behind negative talk and bad news.

Right now the property market is weighed down with uncertainty and it is showing in a number of different ways, houses are taking longer to sell, prices are fluctuating and stock levels far outweigh clearance rates. There are a lot of different reasons as to why this is happening and unless you have a crystal ball there is no telling how long it will last. What is certain is the fact that right now is a good time to step up and make an informed move.

Anti-cyclical buying is the very best buying there is, but it takes smarts. You have to be able to make the decision to press go despite the negative talk coming from all angles. You have to make the first move, you need to act before the herd (who are sitting on the fence). History shows that when the market turns it recovers very quickly and big gains are made by those already positioned in the market, and not by those playing catch up.

I always come back to the point that this state is staring down the barrel of a significant housing demand increase and as the population grows and employment improves the squeeze will again push buying and rental prices up, especially when you start to recognise the relative difference in property values in the WA market in comparison with other Australian markets.

This may very well be your chance for good buying, don’t waste it.