Four Tips to Capitalise on Today’s Buyer’s Market

Sales are up, prices are flat, and rates are down it’s a buyer’s market. Discover 4 expert tips on how to make the most of today’s property market.

Reading today’s property market isn’t easy. Sales are on the rise, yet prices remain flat. Inventory levels, while still healthy, are starting to tighten with 5% fewer properties hitting the market than this time last year.

At the same time, the Official Cash Rate (OCR) has dropped by 2% since last September, one of the sharpest rate-cutting strategies of any Western economy. Yet concerns around job security, rising costs, and a cooling rental market have kept some buyers on the sidelines.

So where does this leave you? Right now, it’s a rare moment: we’re in a buyer’s market.

First-home buyers and upsizers in particular have an opportunity to take advantage of lower rates, more choice, and less competition, if they move smartly. Here are four tips to help you capitalise on today’s market conditions.

1. Leverage Lower Interest Rates

The recent 2% drop in the OCR is a huge win for buyers. Lower mortgage rates mean greater affordability and increased borrowing power. Just remember to budget with a buffer, interest rates won’t stay this low forever, and building in a safeguard for potential increases will keep you secure long-term.

2. Take Advantage of More Choice

New Zealand has seen record-high levels of homes on the market recently, paired with steady prices. This combination gives buyers the luxury of time, you can compare multiple properties without the fear of being outbid the same day. But this balance won’t last forever, so if you find the right home, don’t hesitate too long.

3. Make Smart, Realistic Offers

While it’s tempting to throw out low-ball offers in a slower market, most sellers aren’t desperate. Do your homework, research the local area and recent sales to ensure your offer is competitive while still taking advantage of your current buyer leverage. A fair, well-supported offer is far more likely to be accepted than one that misses the mark.

4. Think Long-Term Value

A lower price tag might grab your attention, but don’t let it be your only guide. Focus on location, potential growth, and the overall quality of the home. A smart purchase today should serve you well for years to come, not just in the short term.

In real estate, opportunity always exists it just shifts depending on the market cycle. Right now, buyers have the upper hand. If you’re considering your next move, whether it’s your first home or an upgrade, now could be the ideal time to act.

We can help you navigate today’s buyer’s market, find the right property, and make smart decisions for your future.