Buyers Aren’t Buying… The Market Is Going to Crash!!! 🙄
Over the past few months, I’ve heard it all.
“Nobody is buying.”
“The market is dead.”
“The market is going to crash.”
Really?
As the Managing Director of Barry Plant Eastern Group, and after more than two decades in real estate, I’ve learned that whenever uncertainty appears, so do the headlines, opinions, and predictions of doom.
The reality is often very different.
Our group has just recorded one of its strongest May results on record, with over 97 properties sold in the past 30 days alone.
That doesn’t sound like a market without buyers.
The truth is that the market has changed. Markets always do.
Prices have stabilised after a period of extraordinary growth. Buyers are more considered. They’re doing their homework. They’re looking for value.
But they’re still buying.
In fact, our offices are currently meeting approximately 1,000 buyers every weekend through open homes and inspections. Most auctions today attracted excellent crowds, providing further evidence that buyers remain active, engaged, and ready to purchase when the right opportunity presents itself.
So what’s really happening?
For the first time in many years, buyers feel they can purchase better homes with greater confidence. They have more choice, more negotiating power, and more opportunity.
And that has actually encouraged many buyers back into the marketplace.
One of the strongest trends we’re seeing right now is families upgrading.
Families are moving from smaller homes to larger homes.
They’re moving from standard residential blocks to larger land holdings.
They’re moving into more prestigious suburbs and lifestyle locations.
In fact, if you’ve been dreaming about upgrading to an acreage property, I would argue there has rarely been a better opportunity over the past decade.
The price gap between a standard suburban home and a larger lifestyle property has narrowed significantly. For many families, that move that once felt out of reach is now achievable.
This is why context matters.
If you’re selling and then buying again within the same market, you’re not simply looking at what your property is worth today. You’re looking at what your next property costs as well.
And for many upgraders, that equation has never looked better.
So yes, the market has changed.
Yes, buyers are more selective.
Yes, price growth has stabilised.
But no, the market is not crashing.
Far from it.
Properties that are well-presented, well-marketed, and correctly priced continue to attract strong buyer interest and continue to sell.
The conversation shouldn’t be “Is the market crashing?”
The conversation should be “How do I take advantage of the opportunities this market is creating?”
Because from where I sit, after more than 20 years of helping families buy and sell real estate, there are plenty of opportunities right now.
And for those looking to upgrade their lifestyle, their home, or their future, this may well be one of the best markets we’ve seen in years.
Outstanding Results from the Last 7 Days
Recent Sales:
- 8 Eumeralla Avenue, Templestowe Lower sold for $2,600,000
- 365 Chapel Lane, Nutfield sold for $1,800,000
- 18A King Street, Doncaster East sold for $1,720,000
- 2/103 Church Road, Doncaster sold for $1,308,888
- 27 George Street, Doncaster East sold for $1,250,000
- 19 Toulon Drive, Templestowe Lower sold for $1,200,000
- 21 Okeefe Street, Bellfield sold for $1,012,000
- 16 Leonard Street, Heidelberg Heights sold for $970,000
- 4/1443 Main Road, Eltham sold for $950,000
- 49 Blazey Road, Croydon South sold for $910,000
- 94 Lloyd Street, Heidelberg Heights sold for $875,000
- 1/12 Braeside Avenue, Ringwood East sold for $860,000
- 2/278 Oriel Road, Heidelberg West sold for $732,500
- 2 Dransfield Way, Epping sold for $682,000
- 4/2 Birdwood Street, Box Hill South sold for $650,000
- 120/101 Tram Road, Doncaster sold for $445,000
- 10 Merna Drive, Templestowe Sold!
- 2/345 High Street, Templestowe Lower Sold!
- 18/18 Peter Street, Doncaster East Sold!
- 23 Taylor Street, Eltham Sold!
- 136 Mahoneys Road, Forest Hill Sold!
- 28 Avocet Street, Doncaster East sold!
- 51 Tracey Street, Doncaster East sold!
- 18 Kennon Street, Doncaster East sold!
Following properties now under offer:
- 65 Thompsons Crescent, Research
- 3/56-58 Greenhill Road, Greensborough
- 2/4 Arnold Avenue, Heidelberg Heights
- 50 Riverview Terrace, Bulleen
- 38 Alice Street, Croydon North
- 12/765-767 Doncaster Road, Doncaster East
- 103/927 Doncaster Road, Doncaster East
- 8 Milton Close, Warrandyte
- 2/5 Blanche Court, Doncaster East
- 21 Airds Road, Templestowe Lower
- 25-31 Beauty Gully Road, Warrandyte
- 209/7 Berkeley Street, Doncaster
- 16 Oban Road, Donvale
- 3 Rowan Street, Doncaster East
- 410/42 Porter Street, Prahan
- 2/51-53 Bank Street, Box Hill
- 38 Aspinall Road, Box Hill North
- 6/28-30 Albion Road, Box Hill
- 28 Barkly Terrace, Mitcham
Spiro Drossos
Managing Director,
Barry Plant Eastern Group
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