The current market presents a window of opportunity for buyers who are in the financial position to make a move. Experienced buyers know that softer or sluggish markets are when the most amount of money can be made, though it's critical to avoid being caught up in the numbers.
Many buyers become fixated on achieving the absolute cheapest purchase price. Not only will this lead to missing out on some great purchases, but it leads buyers to fall victim to the 'lemon' purchase. This is because during slower markets, there's a higher proportion of properties that have 'unfixable' issues or features that some buyers won't be able to handle.
Debra Beck-Mewing is the Founder and CEO of The Property Frontline. She has more than 20 years' experience in buying property Australia-wide, and is skilled in helping buyers use a range of strategies including renovating, granny flats, sub-division and development. Debra is experienced in identifying tailored opportunities, homes and sourcing properties that have multiple uses. She is a Qualified Property Investment Advisor, licensed real estate agent and also holds a Bachelor of Commerce and Master of Business. As a passionate advocate for increasing transparency in the property and wealth industries, Debra is a popular speaker on these topics. She is also an author, podcast host, Editor in Chief of Property Portfolio Magazine and participates on numerous committees including the Property Owners' Association.
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Disclaimer – This information is of a general nature only and does not constitute professional advice. We strongly recommend you seek your own professional advice in relation to your particular circumstances.