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