Professionals Burleigh 
If you’re looking to buy your first home, upsize your current home or buy an investment property, there are a few things you should know before purchasing in 2022.
With the ever changing shifts in the market, buyers who may not have confidence or are purchasing for the first time should consider securing a buyer’s agent who can provide the industry knowledge and skills to assist them.
Buying sight unseen trend continues
Buying sight unseen is not a new concept. However the pandemic forced many of us to do things differently and purchasing property online became more common.
Buying online has it’s advantages with it being a quick process in the fact you can view properties completely online without the need for on-site inspections. With the ongoing pandemic, it’s safer for buyers to search for properties online on offer especially if they’re interstate buyers unable to travel.
Strong buyer pool
The opening of Australian borders will bring home expats and welcome overseas workers and students in 2022. This will increase the already high demand of buyers ready to purchase properties.
Apartments in high demand
During the hardest times of the pandemic, people were vacating apartments in need of more space to work from home and for their children to learn remotely.
In 2022, Australia and New Zealand are opening their borders again to international students. Therefore buyers looking at investment properties should take into account the demand for apartments is set to increase.
Market pressures will prevail
This year we will likely see interest rates move upwards in response to inflation. Buyers with larger cash reserves will be in a prime position. But the most important factor is that buyers do their research in all facets of the purchasing equation. Buying smart rather than erratically holds the key to long-term wealth generation.
DISCLAIMER – The information provided is for guidance and informational purposes only and does not replace independent business, legal and financial advice which we strongly recommend. Whilst the information is considered true and correct at the date of publication, changes in circumstances after the time of publication may impact the accuracy of the information provided. Professionals Burleigh will not accept responsibility or liability for any reliance on the blog information, including but not limited to, the accuracy, currency or completeness of any information or links.
