Property prices are still rising – and what you can afford may be shifting.
Australia’s median property price rose another 0.7% in March, according to Cotality, despite higher rates and global uncertainty.
That’s a reminder: prices don’t always fall just because rates rise.
At the same time, the average person’s borrowing capacity is falling.
That means some buyers are finding they have fewer options than before.
How buyers are adapting
Instead of waiting for price falls, many are adjusting:
- considering smaller properties.
- looking at different suburbs.
- prioritising needs over ‘nice-to-haves’.
Where buyers are getting stuck
The gap between expectations and reality is where many buyers get stuck.
Those who adapt earlier often find opportunities others miss.
Get in touch and I can walk you through what you can borrow and what options are realistic right now.
