Despite the surge in rates, property values in most areas continue to hold firm. 🏡⁣

Why is this happening? CoreLogic points to three key factors. 👇⁣

1. Robust Resurgence in Population Growth: An increase in population drives demand for housing, keeping property values stable despite higher interest rates.
2. Tight Rental Markets: With rental markets becoming increasingly tight, more renters are considering buying instead, adding to the demand for homes.
3. Increased Activity Among Cash Buyers: Many cash buyers are entering the market, bypassing the need for financing and keeping property values strong.

The Takeaway?

Waiting for property values to drop before making a move might not pan out. ⚖⁣ Timing the market, especially in real estate, is notoriously tricky. Instead, ‘time in the market’ could be a more practical approach.

Understanding the 18.6-Year Land Cycle

The real estate market follows an 18.6-year land cycle, consisting of phases of growth and decline. Currently, we are in the “winners’ cause” part of the cycle, where property values are on the rise due to increased demand and economic factors. This part of the cycle is not ideal for quick flips in property, as rapid gains are less likely. A more long-term approach should be taken, focusing on holding properties over time to benefit from steady appreciation.

Why ‘Time in the Market’ Matters

Spending time in the market allows you to benefit from long-term property value appreciation. Real estate is a long-term investment, and holding onto properties over time tends to yield better returns than trying to time the market.

Talk to Us About Buying Your New Home

Navigating the property market can be complex, especially with fluctuating interest rates and market dynamics. Our team of experts is here to guide you through the process, helping you find your perfect home and make a sound investment. Stay tuned for more updates and insights into the Greater Brisbane property market, and let us assist you in achieving your property goals.