There's something in the air, and it's not just the smell of fresh cut grass and early magpie aggression. The spring market is officially waking up, and it's already got a bit of a bounce to it.
Buyer enquiry has picked up, stock levels are still tight, and we're seeing that familiar combo of early momentum and growing confidence. No panic, no FOMO, just steady pressure building underneath.
And next week? That pressure's about to kick up a notch.
From October 1st, the government is expanding the First Home Guarantee scheme. This means more first home buyers will be eligible to buy with just a 5% deposit and no Lenders Mortgage Insurance, and income caps are being removed entirely.
Translation. Bigger budgets, more competition, and a whole new wave of buyers entering the market.
We're expecting this to put upward pressure on prices, especially for homes in that entry to mid range, which, let's be honest, is most of the market right now.
A lot of these buyers have been waiting on the sidelines for the green light, and now they're circling. Just like magpies, they'll swoop in fast if they see something worth claiming.
So, what does this mean if you already own a property? Well, it means your place might be worth more than you think, and it might be worth even more once these changes roll in.
If you're thinking about selling this side of Christmas, now's the time to start planning. The best results come from good prep, smart timing, and having someone in your corner who knows what's coming before it hits the headlines. That's where we come in.
Whether you're selling, holding, or just property curious, we're always happy to chat through what's happening and where the opportunity might be.
And if you're a buyer? This is your chance to jump in with more confidence and less deposit. Getting in early, before competition ramps up, could make a real difference. It's a good time to start chatting with your loan broker and getting things lined up. Don't have one? Reach out, we've got great contacts who can help.
P.S. What do buyers and magpies have in common? They'll both swoop in for a deal if you leave the door open.