Buyers are looking to the past for their ideal homes and while it is the case that some buyers prefer the warmer months to the colder months, there are many factors that can help them make the best decision for their property, said David Lomax, managing director of residential research at real estate agency Domain Group.
“The first and foremost is the type of home you want,” he said.
“In this case, it’s a small house.
The second is the size of the property.
Thirdly, the lifestyle you want.
Fourthly, you can always look at the price tag.”
Lomax said that while some buyers look to get away from the heat, others would want to stay put for the long term, while others may want to look at more attractive properties.
“They are looking for a different type of property that will provide a lot more comfort, it will provide more space and it will make them feel secure,” he told ABC Radio Sydney.
He said that when it came to the type and size of home, the key factor was not whether the home was for sale or not.
When looking at the types of properties available in the property zone, Mr Lomux said that the average price in Sydney is between $1.8 million and $2.4 million.
In other words, it is a price that can easily fit into a larger property portfolio.
Mr Lomox said that because it was such a competitive market, buyers should always look to look for a home that they are comfortable with and have a plan for when they are moving into it.
“You don’t want to buy a property if you don’t know what you want to do with it,” he explained.
“If you’re looking to buy it for yourself, it doesn’t matter if you want a house or a caravan.
It’s always about the comfort and the security.”
As well as looking at a property type, Mr Hodge said it was important to look beyond the price to the quality of the home.
“I think it’s important to also look at where you’re going to live,” he advised.
“It’s also important to know how long you are going to stay there.
There’s lots of variables that go into the value of a home and there’s also lots of factors like whether you want an apartment or a condo or a house.
If you’re interested in a property, I think it is always a good idea to look into the quality and look at all of the aspects that are important.”
For some buyers, it can be difficult to determine what is the best option for them, Mr Vickers said.
“People can come up with all kinds of things, but when you do that, it really can’t be that clear cut,” he noted.
If you or anyone you know needs help with their housing situation, call Lifeline on 13 11 14.