Housing Affordability Attracting First Home Buyers Nation-Wide

As housing affordability is improving nation-wide, it is expected that first-time buyers will become more active within the housing market.

This is good news for sellers, as this predicted trend is expected to offset the reduction in investing activity. 

Heightened stock levels should see more options for buyers wanting to get their piece of the market.

CoreLogic say that the power is more in the buyer’s hands as nation-wide buyers are more likely to have more choice, little in the way of urgency and plenty of room on the negation table.

As buyers do have more power in the current housing market, vendors will need to be realistic in their pricing expectations and will need to ensure that they’re marketing their properties the best they can in order to attract a deeper pool of buyers.