The most recent PropTrack Home Price Index Report indicates that, for the first time in two years, December house prices in Adelaide fell back – only by 0.18%, but still in the right direction for buyers.
There’s been an increase in the number of properties coming to the market, and interest rates remain stubbornly high, meaning that many would-be buyers are at their borrowing limit.
Predicting the future is generally hazardous, so I won’t try to do that, but we may be in a short window of moderating prices and unchanged interest rates. So it makes sense to go ahead and buy, before rates come down, indirectly creating stronger buyer demand – and more competition to buy that property you have in your plans.