Active Market Conditions Amid Shifting Buyer Priorities

While the day following the Reserve Bank’s interest rate increase was slow, sellers are aiming high — they’re setting ambitious price expectations, and while some properties sell slightly below asking, the market remains very active. The biggest driver right now is still low supply, but that is changing as investors start to explore their options for getting better returns. Buyers are active, days‑on‑market remain relatively short, and well‑presented properties are attracting strong interest.  Buyer needs have changed quite a bit this year.  They are being very strategic. Not surprisingly, affordability pressures and shifting interest rates mean that people are prioritising value and flexibility more than ever.  Many of the people I’m speaking with are looking for clarity on what’s available, what represents good value, and what areas offer the best opportunities.