{"id":7995,"date":"2023-05-22T12:03:02","date_gmt":"2023-05-22T02:33:02","guid":{"rendered":"https:\/\/adelaideprivatewealth.com.au\/tick-tock-whats-the-time-on-the-property-clock\/"},"modified":"2023-05-22T12:03:02","modified_gmt":"2023-05-22T02:33:02","slug":"tick-tock-whats-the-time-on-the-property-clock","status":"publish","type":"post","link":"https:\/\/adelaideprivatewealth.com.au\/tick-tock-whats-the-time-on-the-property-clock\/","title":{"rendered":"Tick Tock: What\u2019s the time on the property clock"},"content":{"rendered":"
Property investors say that succeeding in real estate is all about timing. Buying at the bottom and selling at the top is easier said than done as there is no easy way to predict exactly when the market is at its peak or trough.<\/strong><\/p>\n Many real estate experts agree that \u201ctime\u201d is everything and it\u2019s more about \u201ctime in the market\u201d rather than \u201ctiming the market\u201d.<\/p>\n Some real estate analysts use a clock analogy to explain market cycles. The hands moving around the clockface represent where local markets are, at any one point in time.<\/p>\n While the idea of a property clock is logical, the notion of a top and a bottom should be taken at face value.<\/p>\n Experts break down the major capital city performance into \u201chouse\u201d and \u201cunit\u201d markets and refer to \u201cregional\u201d figures separately, consolidating hundreds of regional cities and towns into one collective data group.<\/p>\n Cities and towns might be heading one way as a whole but dig deeper and some suburbs can be running their own individual race.<\/p>\n Buyers and sellers should narrow their research to fit their own personal circumstances. The big picture is great, but knowing exactly what is happening where you plan to buy, or sell is more relevant.<\/p>\n During the pandemic, people were looking to get out of the city and choosing to move to regional areas with more space and tranquility as they worked from home.<\/p>\n Interest rates were at record lows allowing some people to secure their dream property. As a result, inner city apartments were out, as people were opting for larger homes meaning houses and regional properties boomed.\u00a0<\/p>\n In early 2022, many locations moved from the \u201c12 o\u2019clock\u201d spot transitioning away from their market peak. Houses started to become even more unaffordable for many and with interest rates rising swiftly, the desire (and the ability) to pay top dollar dropped.<\/p>\n Apartments gradually started coming back into favour and less demand for high-priced houses saw values slip. It\u2019s not yet determined whether the property market has reached the \u201c6 o\u2019clock bottom\u201d. Unfortunately, pinpointing when values hit a trough is usually declared once the moment has passed.<\/p>\n Australia has a diverse property market with varying cycles. Although, as a population we might experience the same external economic factors \u2013 such as inflation pressures and interest rate rises \u2013 how each of them impact each corner of the country, can vary greatly.<\/p>\n Experts cannot predict exactly how long each cycle will be or the extent of the rises and falls. For example, when Covid hit many economists were signalling a property market crash \u2013 the market proved them wrong.<\/p>\n Sophisticated property investors look for real estate in desirable locations that may appear more likely to hold their value and increase over time.<\/p>\n \u201cTime\u201d can also refer to the right time for you as a buyer as you need to have your financial ducks in a row to purchase a property.\u00a0<\/p>\n Whether you\u2019re an investor or a homebuyer, holding out to buy at the bottom means you may risk missing out on time in<\/em> the market because as history has shown us \u2013 the longer you hold a home, the more valuable it may become.\u00a0<\/p>\n To talk about the right time for you to make your next step onto the property ladder, speak to us today.<\/em><\/p>\n \u00a0<\/p>\n Important: This provides general information and hasn\u2019t taken your circumstances into account. It\u2019s important to consider your particular circumstances before deciding what\u2019s right for you. Although the information is from sources considered reliable, we do not guarantee that it is accurate or complete. You should not rely upon it and should seek qualified advice before making any investment decision. Except where liability under any statute cannot be excluded, we do not accept any liability (whether under contract, tort or otherwise) for any resulting loss or damage of the reader or any other person. <\/em><\/span><\/p>\n Any information provided by the author detailed above is separate and external to our business and our Licensee. Neither our business nor our Licensee takes any responsibility for any action or any service provided by the author. Any links have been provided with permission for information purposes only and will take you to external websites, which are not connected to our company in any way. Note: Our company does not endorse and is not responsible for the accuracy of the contents\/information contained within the linked site(s) accessible from this page.<\/em><\/span><\/p>\n The post Tick Tock: What\u2019s the time on the property clock<\/a> appeared first on MLC Contemporary<\/a>.<\/p>\n<\/div>\n<\/p>\n
What is a property clock?<\/h3>\n
<\/p>\n
So many markets, so little time\u00a0<\/h3>\n
It\u2019s hard to time the trough<\/h3>\n
It\u2019s not timing the market, but time in the market<\/h3>\n