The short answer is yes, now is a good time to buy property in SA. And we encourage our buyers to consider a range of reasons as to why this could be the best time to buy your dream home or your next home.
The Current Market Favours Buyers
This is because there are fewer buyers than properties on the market at the moment. And the stock you have seen for months that may be a tad overpriced offers you great opportunities. It has been a cold winter for many of us and that also keeps buyers home and huddled over heaters or in front of fireplaces. With load shedding we all seem to rush home to get dinner sorted and this has impacted showing properties over the winter months. But, we are not calling a buyer’s market, it may be premature to do so but here is why now is a good time to consider buying property:
- Buying in a higher interest rate requires adjusting a budget to support higher interest rates.
- Property prices in certain parts are a little stagnant which means as a buyer you are able to negotiate more favourable terms when you buy your dream home.
- Properties are taking a little longer to sell but that will change too as Spring arrives and the market and our beautiful country starts to warm up.
- Stock volumes or properties on the market at the moment are set to increase from early September so there will be new stock coming onto the market this is hopefully priced correctly.
- Home loan lending conditions remain favourable and that means buyers can still obtain finance at 100% of the sales price if you are a first-time home buyer. KW Select can assist with a best-of-breed home loan financing option, click here. And remember a few minutes completing a solid bond approval means a better interest rate over 20 years or the term of your home loan.
Planning To Buy Your Dream Home Or Your Next Home
If you are then click here to view all the properties on the market at the moment with Keller Williams. Keller Williams is the largest real estate brand in the world and our technology is the best in the business. Keller Williams gets results when we sell your property. If you have a property to sell before you buy, click here and we will schedule a property valuation for sale.
Get In Touch Today
KW Select has great Agents in your neighbourhood, all accredited and ready to help you navigate both the sale of a property of the purchase of a property.
