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This period marks a shift from a buyer’s market to a seller’s market, driven by increased buyer demand and limited property supply. The dynamics of this shift present both opportunities and challenges for brokers and buyers alike.
This was the topic of discussion in this week’s episode of Business Accelerator, with host Alex Whitlock and co-host Jason Back, who is fresh off the back of being awarded Training and Development Program of the Year at the Australian Broking Awards.
The current market is characterised by an uptick in first-time buyer activity, spurred by government incentives aimed at assisting new entrants into the property market. Additionally, recent interest rate cuts have further fuelled buyer enthusiasm, making it an exciting yet complex time for brokers.