All the indicators are pointing to a perfect time to buy property.

Is now the right time to buy property?

Are you on the verge of making a leap into property investment, but found yourself struck with analysis paralysis? Given the financial implications involved, getting cold feet or having second thoughts before the final hurdle is relatively common.

Despite this, there is no shortage of Aussies taking that decisive step into the property investment market. According to the Housing Industry Association (HIA), over the 12 months to August 2015, detached house approvals increased by 3 per cent while multi-unit approvals surged 8.6 per cent.

What's stopping you from taking the plunge?

"Australia's new home building market saw record levels of activity during 2014/15, with new dwelling commencements totalling about 215,000," noted HIA Senior Economist Shane Garrett.

Furthermore, the Australian Bureau of Statistics found that the monthly value of dwelling commitments from both investors and home buyers has been sitting near $33 billion throughout 2015 – in June 2014, it was around $28 billion.

So, what's stopping you from taking the plunge? Here are a few reasons why now is the perfect time to buy property.

Using a buyers' agent can help ensure you make an informed decision.Using a buyers' agent can help ensure you make an informed decision.

More listings on the market

According to CoreLogic RP Data, the selling season is well and truly under way, with 26,829 new listings in September 2015 across the capital cities – the highest number since March.

The increased supply is great news for buyers, as not only does it increase the options available, it can also result in property becoming more affordable. The CoreLogic RP Data Hedonic Home Value Index found after growing around 16.7 per cent in the 12 months to September 2015, dwelling values in Sydney rose just 0.1 per cent for the month. 

"Vendors are still enjoying strong selling conditions, but it looks like buyers are slowly regaining some leverage in what has been a very hot market," said CoreLogic's head of research, Tim Lawless. 

With increased supply, it pays to have a buyers' agent on hand to help you identify the most profitable property investment in relation to your financial circumstances.

Dipping auction clearance rates

The influx of homes on the market, giving investors better choice, can be seen in the auction statistics. According to CoreLogic RP Data, for the week ending September 20 2015, there were more than 2,650 auctions, making it the fifth busiest week this year.

Reflecting this, the clearance rate was just 71.2 per cent, which is the lowest it has been since February.

The clearance rate was just 71.2 per cent, which is the lowest it has been since February

"The number of auctions held over the month of September was 31 per cent higher compared with September 2014, and new listing numbers are ramping up at a faster rate than last year as well," said Mr Lawless.

If you're looking at entering the property investment game, it's quite possible that you will have to go to auction. While they can be quite intimidating, a property buyers' agent can act on your behalf to give you a greater chance of success and to ensure your emotions don't get the better of you.

More supply means more selection for buyers.More supply means more selection for buyers.

Less competition

If you already owned real estate in Sydney or Melbourne, you would have benefited from the sizzling market that we've had in recent times. The Commonwealth Bank Home Buyers Index revealed that over the second quarter in 2015, Sydney and Melbourne both had "extreme sellers markets".

This essentially means there was a shortage of property in relation to buyers, which, because of the added competition, drove prices higher and allowed vendors to take advantage of the profits.

With the inpouring of homes onto the market, it is reasonable to expect competition to ebb and prices to settle. While the competition could potentially be reduced, it will never go away, especially not in Australia's two largest property markets!

If the thought of negotiating with property agents and contending with other investors is daunting, a buyers' agent can take care of the whole process for you.

Interest rates

One of the main reasons for the hot property market is the historically low interest rates. Given the smaller necessary repayments, these have made borrowing large amounts of money more feasible for investors.

The Reserve Bank Of Australia (RBA) announced at its October 6 2015 meeting that the cash rate would remain at the record low of just 2 per cent. The RBA Governor, Glenn Stevens, noted that the growth in lending to the housing market has been steady over the last few months – the shining light within a relatively volatile economy. 

"In such circumstances, monetary policy needs to be accommodative. Low interest rates are acting to support borrowing and spending," Mr Stevens said.

He also mentioned that dwelling prices had been rising strongly in both Sydney and Melbourne, but the results from other cities were somewhat varied.

While the interest rates are very conducive to property investment, nothing lasts forever. As such, you should strike while the iron's hot and take advantage of the current monetary situation. A buyers' agent will be able to ensure your finance gets put to the best use, often with access to exclusive private house sales.

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