Trying to find – then successfully snare – a home or investment property can be incredibly stressful.
You’re out of your depth, prices have been out of control and, probably at least once, you’ve found yourself out of luck. But, for anxious buyers, the tide is slowly turning.
Property price growth is at its slowest in three years, with Melbourne the highest at an annual 9.8 per cent and Sydney at 7.4 per cent, says CoreLogic RP Data. Auction clearance rates dropped to 73 per cent and 76 per cent respectively last weekend, on APM figures. Plus the banks have neatly removed investor competition with targeted rate slugs.
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Vendors expect a premium to forgo an auction. Photo: Anna Kucera