{"id":5238,"date":"2023-04-20T09:17:19","date_gmt":"2023-04-19T23:17:19","guid":{"rendered":"https:\/\/financialplus.com.au\/?p=5238"},"modified":"2023-04-20T09:17:19","modified_gmt":"2023-04-19T23:17:19","slug":"property-listings-and-prices-are-bouncing-back","status":"publish","type":"post","link":"https:\/\/financialplus.com.au\/property-listings-and-prices-are-bouncing-back\/","title":{"rendered":"Property listings and prices are bouncing back"},"content":{"rendered":"

\"\"As property prices start to climb, listings are following suit. So if you\u2019re hunting for a home, what does this mean for you?<\/strong><\/p>\n

If you\u2019ve been looking at the property market over the last six to 12 months, you probably already know that while property prices have dropped, it\u2019s been a case of slim pickings due to the drastically low number of listings.<\/p>\n

But prices look like they are starting to bounce back, with March heralding a\u00a00.6% increase in national property prices<\/a>, according to CoreLogic. And listings are following suit.<\/p>\n

PropTrack data for March showed\u00a0new listings on realestate.com had risen by 10.5% month-on-month<\/a>, making it the busiest month for new listings since May 2022.<\/p>\n

So why has the market changed? And what does it mean if you\u2019re looking to buy?<\/p>\n

Property prices and increased demand<\/h3>\n

When the RBA announced its rate rise pause in April, we all let out a collective sigh of relief.<\/p>\n

And many financial and property analysts, including\u00a0CoreLogic<\/a>, estimated the pause may give rise to increased prices due to a boost in buyer confidence.<\/p>\n

But there are other compounding factors that were influencing the pricing upswing before the rate rise pause.<\/p>\n

Record low listings, a competitive and expensive rental market, and elevated migration placed increased demand on limited housing supply.<\/p>\n

And prices started to climb despite consecutive rate rises.<\/p>\n

Rising prices, combined with the Autumn selling season, have seen vendor confidence pick up and property listings increase.<\/p>\n

But how does this affect you if you\u2019re looking to buy?<\/p>\n

Opportunity may be knocking<\/h3>\n

If you\u2019ve been ready to buy but haven\u2019t been able to find the right place due to low supply, now may be the time to purchase \u2013 before FOMO starts to kick into the market.<\/p>\n

More listings mean you\u2019ll have a greater chance to find a suitable abode, rather than sifting through the dregs.<\/p>\n

But before you pounce on that perfect property, it helps to have your finance sorted.<\/p>\n

Finding out your borrowing capacity and loan options are important steps when planning to buy.<\/p>\n

And while the RBA\u2019s pause bolstered our spirits, it\u2019s wise to be mindful that there are a couple more cash rate rises expected.<\/p>\n

Getting advice on the right type of loan, assessing your borrowing power, and organising your finances could make things smoother.<\/p>\n

So if you\u2019re keen to purchase in 2023, give us a call and we\u2019ll get cracking on finding you a mortgage solution that will suit your individual needs.<\/p>\n

Disclaimer:<\/strong>\u00a0The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.<\/p>\n","protected":false},"excerpt":{"rendered":"

As property prices start to climb, listings are following suit. So if you\u2019re hunting for a home, what does this mean for you? If you\u2019ve been looking at the property market over the last six to 12 months, you probably already know that while property prices have dropped, it\u2019s been a case of slim pickings […]<\/p>\n","protected":false},"author":23,"featured_media":5239,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[110],"tags":[],"class_list":{"0":"post-5238","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-home-loans","8":"entry"},"yoast_head":"\nProperty listings and prices are bouncing back · FinancialPlus Mortgage Broker Gold Coast<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/finance-matters.info\/2023\/04\/19\/property-listings-and-prices-are-bouncing-back\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Property listings and prices are bouncing back · FinancialPlus Mortgage Broker Gold Coast\" \/>\n<meta property=\"og:description\" content=\"As property prices start to climb, listings are following suit. 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