With prices off their peak, and more stock on the market, buyers have a great opportunity to negotiate now - more than previously with vendors who are highly motivated to sell.

Cash buyers will always have an advantage however, conditional buyers have a window of opportunity to purchase with a high percentage of necessarily selling at Auction. We have seen an increase in stock now marketed with a price or by negotiation; allowing buyers to avoid spending money upfront on their due diligence, and building this into the negotiation process.

Banks are getting hungry with fixed 1-2 year interest rates dropping and cash incentives being offered, suggesting the competition amongst the banks and the desire to lend is still very much alive. The recent CCCFA changes also mean banks are becoming slightly more relaxed when reviewing expenses, giving applicants a better chance of approval.

As the market stabilises, and pressure on borrowers is alleviated, buyers are seeing more affordability in the market. With FOMO disappearing from the market, buyers can take a little more time with their decision-making and work with financial advisors to get a plan in place. My suggestion is to take advantage of the help, support, and expertise on offer from myself and financial advisers, to make sure you are exploring all options.