First-home buyers have had it tough in the market in the last few years, with endless increases in prices across Australia. The relentless uptrend has left many first-home buyers struggling to keep up with finance and deposit requirements. Are we going to see reprieve in 2022?
Market forecasts indicate that there will be further upside pain for those that are looking to enter the market in 2022. Even though the price increases are due to slow, the momentum is due to continue in the same direction. Should this play out, what are strategies that can be deployed to ease the pain?
- Patience: are you desperate because there’s a sense of fear of missing out? Markets do not go up in a straight line. Corrections may feel like it will never happen, but the truth is, corrections will eventually come. Patience is a perfectly valid and powerful strategy to deploy.
- Location: when being priced out of the market, one should consider whether location can be played to your advantage. Location is an important determining factor to price, but many omit and underestimate how it can play a part in future value. Look where others are not looking, even more so when investment is part of the equation.
- Think Outside the Square: the masses like to snatch up easy bargains. But as the price is driven up, these parameters should be kept adaptive and fluid. Gems are found when future potential is identified. There is nothing easy about picking up unpolished gems, but it is as important as ever to be thinking outside the square and front-run the masses.
Deploying smart strategies and thinking outside the square requires a certain amount of discipline. Spotting undervalued gems in the current market conditions are more important than ever before. Let Simply Frameless help you with the journey of polishing up the rough edges around that gem that you have your eyes on.