A word from Anthony Webb

A word from Anthony Webb

Talk of Victoria’s real estate market transitioning to a buyers’ market has been swirling through the industry and media.

A recent article published by the REA explores the Victorian suburbs and towns where house prices have fallen and predicts we are on the verge of a buyers’ market. However, it is important to note, prices aren’t growing like they were during the peak of COVID, and we are still seeing strong numbers through properties and high auction clearance rates.

There is still strong opportunity for both vendors and buyers to secure great results as the market returns to a more balanced state.

For those looking to purchase in the current market, there are a number of preparations you can do to ensure the most success.

These include:

  • Having your finances pre-approved and ready to go
  • Subscribing to REA and Domain property portals for instant alerts
  • Signing up to electronic newsletters such as the Philip Webb Real Estate new listings email
  • Completing a building and pest inspection before putting in an offer or bidding at auction
  • Working collaboratively with real estate agents to snap up off-market properties

For further advice on getting ahead in the current market, call our office today!