JOHN

Mcgrath

I see today’s market as a great buying opportunity for investors. All the key elements are in place. The most important factor is the ability to buy a high-quality investment in a great location at a discount. I think the market is at or approaching its bottom already. The next stage of the market will be a consolidation, featuring a plateauing of prices, followed by further upward growth in property values in 2024. That means investors buying today should see a pretty quick upswing in their equity within the first 12 to 18 months of ownership.

We’re already seeing an uplift in numbers at both open homes and auctions. Buyers have rushed back to the market this year. They’ve had time to get used to interest rates at these new levels and they want to take advantage of softer prices now.