Australians have long understood the many benefits that come with owning your own home. The great Australian dream of homeownership is still alive and well as new generations look to lay down roots just as their parents and grandparents did before them.
Buying a house in Australia to live in is a combination of finding a property that you love while also suiting your family's needs and size. The type of lifestyle you like to lead in terms of accessibility to beaches, parks, shops and schools will also weigh heavily on your decision.
Given the amount of time we spend at home, most people will take a very serious approach when purchasing a property to live in and can be quite fussy about even the smallest details.
Buying a Home in Australia Today
COVID-19 has impacted the property landscape facing potential homebuyers. While prices have held steady, there is a large shortage of high-quality properties currently for sale. Historically this is nothing new in Australia, given the high levels of immigration and new families arriving to our shores each year.
This dynamic, however, has taken on a new incarnation post-COVID. In contrast, while immigration levels have decreased, an influx of expats returning home searching for large family homes is now driving demand for Australian soil.
With more buyers looking at this end of the market, it's difficult to be as fussy in the selection process. Buyers set on finding that perfect property, face extended waiting times in the current climate.
With the process drawn-out, potential homebuyers have to allocate their weekends indefinitely to attend homeopens. For most people, this thought is not particularly appealing.
The Professional Way of Buying a Home in Australia
Given the current severe stock shortage, more and more homebuyers are lining up to engage a professional buyer to source high-quality properties in tightly held 'owner-occupier' markets.
A professional, such as a Buyers Agent, can leverage their large network to locate off-market opportunities that match your needs and preferences. The big advantage from a buyer's perspective is that 'off-market' properties haven't been listed for sale, so you can access them before the mass market.
Working with a professional is an effective way to save significant time, reduce the competition and have someone negotiating on your behalf.
A Buyers Agent can also do all of your leg work, filter down prospective properties and present only the very best ones to you. This way, you can rest assured that you're getting the very best outcome for your family.