The Perfect Storm in Property: Why Waiting Could Cost You Big
Last weekend, I stood at an auction and witnessed something that perfectly sums up where the property market is heading.
The property ended up selling for $113,000 above the quoted range… and there were 16 active bidders fighting for it.
That’s not just a competitive auction – that’s a clear signal the market is heating up fast.
Why This Matters for Investors and Buyers
We’re already in a property shortage of around 65,000 homes nationally. That’s a huge gap between supply and demand – and when supply is this tight, prices naturally get pushed higher.
Now, add in the fact that from October 1, first home buyers will have new incentives to enter the market. Once that wave of demand hits, competition is going to go through the roof.
It’s what I like to call the “perfect storm”:
Limited supply (massive housing shortage)
High demand (auctions going $100K+ above range with dozens of bidders)
Government-backed buyers entering the market from October
The writing’s on the wall: prices are set to rise even further.
Why Taking Action Now Matters
Every month of waiting could mean paying more for the same property. I’ve seen too many buyers sit on the sidelines hoping the market will cool off – only to get priced out entirely.
The reality is, the best time to act is before the competition ramps up even further.
As a buyer’s agent at Baker Advocates, I help my clients:
Cut through the noise and identify high-performing suburbs.
Secure investment-grade properties before the wider market catches on.
Negotiate with confidence in heated conditions like the one I just witnessed.
The market isn’t slowing down – it’s speeding up. And with October around the corner, the pressure cooker is only getting hotter.
If you’ve been sitting on the fence, now is the time to get serious about your strategy.