Buyers waiting to pounce.

With interest rates announced on hold once again by the Reserve Bank,  buyers who have been waiting to pounce on some great real estate opportunities should jump now!

As there are more and more buyers are 'only looking' at the moment, and not committing to buy, be warned, buyers are banking up!

The better quality properties are still in demand and are selling relatively well, but generally properties are taking twice as long to sell compared to last year. Last year the average days on market was around 28 days. As we are experiencing a lull in the property market, Melbourne has shown it doesn't last very long.

Some experts are predicting interest rates will remain as they are till at least the end of the end of the year, as consumer confidence is at its lowest in many years.

Buyers should act decisively now, beat the pack and get the right advice on the best type of property they should be looking to buy, based on their budget, and what they want the property to do for them.