House prices are falling, but buyer beware of holding out for a better deal | elizabethredman
Some property buyers are holding off in the hope of a better deal, but experts warn that trying to pick the bottom of the market has risks.
New research shows previous price downturns in Sydney have often been short, lasting 12 months or less, except for the drops in 2004-05 and 2017-19. “My clients are watching and waiting,” he said. “We’re very asset-driven, we’re looking for value rather than paying premiums.”
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