From the discussion with sellers and buyers, there is an overall impression that the property market here in Melbourne is uncertain.
It is true that buying or selling is more puzzling and technical this year than the past 5 years. Buyers are holding back due to concerns that the market may adjust further. Sellers are in retreat worried that they will not achieve the price that they expect. How is the market likely to perform this winter?
Opportunity is often delievered in a fog of uncertainty.
Should you hold back from buying? Not necessarily.
If you plan to sell, should you wait until the market gets better? Not necessarily.
It all depends on your situation, the area of the subject property, the type of the property and of course the strategy.
Contact us to book in a consulting session (http://www.realestatelogic.com.au/).