For many buyers, the summer break can be a convenient time to search for a new home.
With more flexibility in your schedule and a quieter property market, the holiday season may offer opportunities to explore listings and attend inspections. However, as with any property decision, it’s important to do your research and plan ahead.
Here are four tips that may help you make the most of house hunting over the holiday period.
Consider the quieter market conditions
Buyer activity often slows in December and early January as many people take time off. This can result in fewer competing offers. At the same time, some sellers listing during this period may be motivated to secure a sale due to personal timelines or previous campaigns.
There is also the potential to negotiate with sellers, who might still have their property on the market from a Spring campaign.
Book inspections early
During the holiday season, real estate agents and sellers may have reduced availability due to public holidays or travel plans. If you have a shortlist of properties in mind, it’s advisable to contact the agent early to arrange a time.
Often, homes will be open by appointment and won’t have traditional open homes during the holidays.
Organise pre-approval in advance
Some lenders operate on limited hours during December and January, which may affect application and processing times. Getting your loan pre-approval sorted in advance can help you approach the buying process with greater clarity and efficiency.
A mortgage broker can assist by helping you compare loan options. While pre-approval is not a guarantee of final approval, it can give you a clearer sense of your budget when house hunting.
Think long term, not just seasonal appeal
If you’re looking in a holiday town or regional area, be mindful that summer may not reflect the area’s year-round conditions. It’s worth asking locals or agents what the off-season is like and whether the property is suited to your long-term plans.
If you’re buying for investment purposes, research rental demand across all seasons, not just the holiday peak. Also consider infrastructure, local amenities, and employment trends if you plan to live in the area yourself.
The holidays can be a great time to buy, but like always, it pays to be organised, so speak to a mortgage broker before you begin your search.
Disclaimer: This is general information only and is subject to change at any given time. The content of this article is general in nature and is presented for informative purposes. Your complete financial situation will need to be assessed before acceptance of any proposal or product. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice.This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.
