/January ideal time to buy a new home in Cairns

January ideal time to buy a new home in Cairns

JANUARY is set to be a homebuyer’s delight, with the lowest prices of the financial year forecast for the month.

But sellers will have to be prepared to bargain if they are determined to sell their home.

First National sales consultant Chris Eustace said prices for family homes were extremely low in January.

“From a buyer’s perspective, January is the most opportune time to buy a home,” he said.

“You can pick up a house at a much better price than you could at auction in December, and you can privately negotiate the price.”

>> SIGN UP NOW: CAIRNS POST DIGITAL SUBSCRIPTION FOR $5 A MONTH

He said owners moving out of town for work were usually very keen to sell, and many of those homes were in up-and-coming suburbs.

“December is generally a dead month with little movement in the market, but we see an influx of buyers in January,” he said.

“The three highest growth suburbs in 2018 were Trinity Beach, Redlynch and Brinsmead, but people are starting to move away from there and to the city fringe suburbs.

QLD_CP_NEWS_REPOINTER_28DEC18

Carpenter Josh Hiles out the front of his first home in Bungalow that he and his wife have recently purchased to renovate. PICTURE: STEWART MCLEAN

“So if you want to buy in a growth area, look at Bungalow, Westcourt and Parramatta Park.

“But for a bargain, look towards the northern beaches.”

He said there was a sure way for buyers to show sellers that their offers were serious.

“Make sure your finance is ready, with a letter saying that you’re approved,” he said.

“As an agent, I know that taking that letter to the vendor and telling them that the buyer is serious and has their finance approved will show that the buyer is serious.”