Home Loan Experts

Have you ever thought about buying your own house but feel like you’re stuck renting forever? There’s a common saying: If you haven’t bought a home yet, you’re basically paying off someone else’s mortgage. This means when you rent, you’re helping the landlord pay their mortgage instead of investing in something for yourself. Buying a house means putting money into a property that can increase in value over time.

In Australia, figuring out the right time to buy a house can be tricky because the real-estate market is complicated. But don’t worry; we’re here to help you determine the best time to buy based on what’s right for you.

Expert Tip

When it comes to buying a house, timing is everything. There are two key concepts to understand:

  • 1. Your Time in the Market: This means how long you plan to own your home. Generally, the longer you keep your property, the greater the opportunity for capital growth. Property values typically appreciate over time, so owning a home for an extended period can enhance your equity and wealth.
  • 2. Timing the Market: This is about trying to buy at the best possible time, like when prices are low. However, predicting the real-estate market is tough, and waiting for the perfect moment could mean missing out on good opportunities.

Knowing these concepts helps you make a smart choice. While timing the market might seem attractive for quick gains, the real benefits often come from your time in the market.

Home Loan Experts Mortgage Broker Steven Chan

Seasonal Considerations When Buying Property In Australia


In the winter, Australia often transforms into a buyer’s market for real estate. This shift is characterised by a reduction in the number of properties listed, creating an environment where sellers might be more inclined to negotiate. This could result in more competitive prices and greater leeway in bargaining. Winter also presents a unique opportunity to evaluate a property’s resilience and performance under more challenging weather conditions, uncovering potential issues that might remain hidden during the warmer months.


  • Potential for lower prices due to decreased demand.
  • Opportunity to assess property durability and issues in harsher weather.


  • Limited selection of properties, reducing options for buyers.
  • Fewer open homes and constrained viewing opportunities make decision-making harder.
  • A generally slower-paced market due to reduced buyer activity, potentially prolonging the purchasing process.

Spring And Summer

Spring and summer in Australia usher in a vibrant and active market. This period typically shows an increase in both property listings and buyer activity. Although this heightened competition can escalate prices, the increased activity also means various properties catering to different tastes and requirements come onto the market. Sellers often leverage the appealing weather conditions to showcase their properties at their most attractive, enhancing their market appeal and potentially driving prices upwards.


  • A wider selection of properties, offering more choices to buyers.
  • Properties are presented at their most attractive due to pleasant weather, enhancing their appeal.


  • Elevated competition, potentially inflating prices.
  • A faster-paced market, possibly reducing the window for negotiation.
  • Risk of bidding wars and missed opportunities amid heightened market activity.


Autumn in the Australian market can be an ideal time for property hunters. This season often strikes a balance between the availability of properties and the potential for negotiation. Sellers who did not secure a sale in the previous season may be more open to negotiation. Moreover, the market is typically less frantic than in the spring, allowing for more deliberate decision-making.


  • Potential for better deals, as sellers may be more motivated to negotiate.
  • A broader selection of properties than in winter, offering more choices.


  • Properties might have been on the market for an extended period, indicating a need for more work or renovations.
  • Increased competition from buyers who were unsuccessful at securing properties during the spring.

Post-Christmas Period

The days immediately following Christmas and stretching into early January can offer unique opportunities in the Australian real-estate market. Some properties, unsold from the previous year, might be available at more attractive prices. Additionally, with many potential buyers preoccupied with holiday festivities, those active in the market may face reduced competition.


  • Opportunities to secure better deals on properties lingering unsold from the previous year.
  • Reduced competition from buyers, many of whom are focused on holiday activities.


  • A limited selection of properties, as fewer new listings are typically made during this period.
  • Some sellers might be less inclined to negotiate during the holidays, anticipating a market rebound.
  • A slower-paced market due to reduced overall activity in the buyer segment.

What Time Of The Year Is Cheapest To Buy A House?

Based on trends, specific months and even days may offer more favourable opportunities for buyers. October through January are generally favourable, with November and December being particularly advantageous. Additionally, historical data suggests that specific times, like late November or early January and dates in late December, may have lower prices due to reduced buyer activity.

Besides the seasons, understanding Australia’s property market cycle is also crucial for making informed decisions. The property cycle includes four phases: Boom, Slump, Stagnation, and Upturn, each affecting property prices, demand and supply differently. In the Boom stage, lots of people want to buy houses, but there aren’t many available, so house prices rise quickly. Then comes the Slump stage, where there are too many houses and not enough buyers, leading to stagnant or falling prices. The Stagnation stage is when the market is stable and doesn’t feature major price changes. Finally, in the Upturn stage, interest in buying houses picks up again, more houses are sold, and prices start to increase.

Financial Considerations When Buying A House In Australia

Buying a house is a big financial commitment, not just getting a place to live. It includes large initial costs like deposits, closing fees, and repairs. Also, you must keep paying for things like the mortgage, property taxes, upkeep, and utility bills. Before deciding to buy a house, think about whether you can afford it.

Rent Vs. Buy

The Rent vs. Buy Calculator helps you decide if it’s better to keep renting or buy a house by comparing both costs. When thinking about buying, consider your deposit, the house’s price, where you’re buying, your current rent, and your savings. These factors help determine if it’s the right time to buy.

Credit Score And Debt-To-Income Ratio

Your credit score is a three-digit number that lenders use to assess your creditworthiness. It is calculated based on your credit history, including payment history, length of credit history, and credit use. A higher credit score indicates that you are a low-risk borrower and can lead to better loan terms, such as lower interest rates and fees.

Your debt-to-income ratio (DTI) is the percentage of your monthly income that goes towards debt payments. It is a means of determining whether you can repay the loan. Lenders prefer a DTI below 36%. If your DTI is higher than 36%, you may need to pay a higher interest rate or put down a larger deposit.

Personal Savings

Saving enough for a large down payment reduces the loan amount and may lower interest rates. Saving an emergency fund to cover unexpected expenses during home ownership, such as repairs and replacements, is also important. Experts recommend having at least three to six months of living expenses saved up in your emergency fund.

Personal Considerations When Buying A House In Australia

When considering buying a house in Australia, it’s really important to think about what you need and why you want to buy a house. Don’t just buy a house because you think you should, because of things like rent being expensive, or because everyone else is doing it. Owning a home is a long-term commitment, often involving 20- to 30-year mortgages.

Life events like starting a family or a job change can affect your housing needs and budget. For example, if you plan to start a family soon, you may need a larger home with more bedrooms. Or, if you are considering a job change that will require you to relocate, you may need to sell your current home and buy a new one in a different location. It is also important to consider these factors when making a decision on a home purchase.

What's The Best Age To Buy A Home?

The age when most people buy their first home has greatly changed in Australia. Now, the average age to buy a first home is about 34.5 years. Some studies even say the average first-home buyer is around 36 years old. The best age to buy your first home depends on your life. Factors like how stable your job is, how much money you have, and what you want are all important. While many Australians are buying their first home in their mid to late 30s, the right age for you might be different.

When considering home ownership in Australia by age, you might wonder if buying a home early in life is better or waiting until later. Here’s what you should think about:

Buying Early

If you buy a home early, you start building equity sooner as you pay off the mortgage. Plus, the value of your home might go up over time and starting earlier gives you more time to gain equity.
Owning a home can sometimes make your living costs more stable, unlike renting, where rent can increase.
You might get some tax benefits if you own a home.

Buying Later

If you wait, you can save more for a deposit. This might mean a smaller mortgage and less interest to pay over time.
Not having a mortgage means you can move around more easily for jobs or travel.
Owning a home means you have to pay for repairs and upkeep. If you wait to buy, you can avoid these costs for now.

When buying a home, first check your finances to ensure you have a steady job and good credit. Think about your current and future needs, like whether you want stability or the freedom to move. Learn about the housing market and prices in the area you’re interested in. The right time is different for everyone, so consider getting advice from financial or real-estate experts.

Steps To Buying A House

Buying a house involves several steps. It’s important to do thorough research, get pre-approval for a loan, know what you want in a home, find and inspect the property, and understand its value before making an offer. To learn more about the steps involved in buying a house, please visit our page on buying a house.

Catch Your Dream Home Before It's Gone

Remember, the best time to act was yesterday; taking action today is your next best choice. This holds true in the realm of real estate as well. There’s always a right time to invest in a home. The ideal time is when you’re financially prepared.

Home Loan Experts is here to help you. Our team of mortgage brokers knows a lot about buying homes and has helped many people purchase their first home. We’ll help you from the beginning to the end.

Ready to make your move? Contact Home Loan Experts today at 1300 889 743 or enquire online for free.

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