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Jessica Darnbrough
Investors that are looking to snap up a property bargain should do their shopping in winter, Australian Property Monitors chief economist Andrew Wilson has claimed.
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Speaking to The Adviser, Mr Wilson said investors with good equity would be well placed to avoid the Easter property rush and buy in winter.
“There is always a lot of action in the property market in the lead up to Easter. Similarly, there is always a lot of action in spring. Often buyers overlook winter which, provided you have the capital behind you, can be an excellent time to grab a bargain,” he said.
Mr Wilson also said the current market conditions favoured investors.
“The economy is very strong at the moment. And it is definitely a buyer’s market. There is plenty of stock in the mid-price range – which is ideally suited to investors.”
