Ray White Now | Updated weekly Ray White Now | 26 May | Page 9

Why is there
buyer confidence at the moment?
There are many reasons for the current buyer demand.
The most significant of these reasons relate to finance.
With interest rates at all time lows and with banks being
supportive of purchasers, we are seeing many buyers
wanting to take advantage of these factors. Obtaining
secure credit on excellent terms while they are available,
is certainly influencing demand. This is not only the
case with first home buyers, but across all sectors of
the market. Fortunately, we continue to see confidence
in buyers with job security working in industries
not materially impacted by the current economic
environment.
In any market environment, there remains a significant
number of buyers who are looking at buying and selling
within the same market. When you consider this, market
conditions generally don’t weigh in as much on the
decision for those looking to upsize, downsize or relocate.
Ray White Auctioneer, James Keenan auctioning a parkside property in Marrickville, Sydney with physical distancing in place.
9