Timing the Property Market: Why It's a BIG mistake
Written by Meighan Wells
There is one universal common misconception in property that often traps first home buyers and property investors – the idea of timing the property market.

Many believe they can predict the perfect moment to buy or sell to maximise their gains. However, I'm here to tell you that timing the property market is a bad idea. In this post, we'll delve into why it's a risky strategy and offer insights to help you make more informed decisions.

1. Market Timing is a Gamble

Trying to time the property market is like playing roulette with your hard-earned money. It's virtually impossible to consistently predict when prices will peak or hit rock bottom. Even seasoned experts can't do it with precision. Property markets are influenced by numerous factors, from economic conditions to government policies, and these can change rapidly. By attempting to time the market, you're essentially gambling with your financial future.

Instead of trying to time the market, focus on quality assets, long-term growth and the property's investment fundamentals.

2. Missed Opportunities
The danger of market timing lies not only in the risk of making poor decisions but also in the potential opportunities you might miss. When you wait for the "perfect" moment to buy, you may end up sitting on the sidelines for years, missing out on the benefits of property ownership and potential rental income. Property markets tend to appreciate over time, and the longer you delay, the more you might have to pay in the future.

Don't let the fear of buying at the "wrong" time keep you from building wealth through property.

3. Invest for the Long Term
Successful property investment is about adopting a long-term perspective. Instead of trying to outsmart the market's short-term fluctuations, focus on your investment's fundamentals. Consider factors like location, property condition, rental potential, and your own financial situation. By investing for the long term, you can ride out market cycles and benefit from the inherent value of property over time.

Patience and a long-term mindset are key to building wealth through property.

Attempting to time the market is a risky game that often leads to disappointment and missed opportunities. Instead of trying to predict short-term market movements, it's wiser to focus on the long-term potential of your investments and buy when you are financially ready.

Consider the fundamentals, do your research, and seek expert advice when needed. By adopting a patient and strategic approach, you can navigate the property market with confidence and build a secure financial future.

How ready are you to buy your first home?

Veronica Morgan & Meighan Wells 

Veronica & Meighan are both licensed real estate agents who exclusively help buyers. Together they have nearly 40 years experience as property professionals.

Veronica is principal of Sydney based Good Deeds Property Buyers and is also co-host of The Elephant in the Room property podcast as well as Location Location Location Australia on Foxtel and author of Auction Ready: how to buy property at auction even though you're scared s#!tless!

Meighan is the multi award winning principal of Brisbane based Property Pursuit, chairperson of the REIQ Buyers Agent Chapter & a regular media commentator.

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