Rich Harvey

Well, the simple answer is the right time to buy a property is when you're ready to buy.

Whether the market's up, down or sideways, it's often dictated by your own personal circumstance.

Trying to time the perfect entry into the market is like an Olympic diver trying to do a triple pike reverse somersault and land perfectly and get a 10 out of 10.

It's very difficult to do that and very, very few people achieve it.

A far better strategy is to go, you know what, my budget is X, like, you know, $1.7 million.

I need a three bedroom home in this location.

I'm going to go searching for it.

So waiting to the market to cool is really a false economy.

If you wait too long, and I saw this last year,

Some people said, oh, to me two years ago, the market's crazy, I'm going to sit out.

And then the market's risen 30%.

Even if we have a small correction next year when interest rates rise, it's not going to go back 30%.

It might go back, say, a maximum of 5%.

And even this year, Greg, the market is predicted to gross continually, even in Sydney and Melbourne, by another 5%.

I don't think waiting for the market to crash or correct is a valid strategy.

There's opportunities every week.

I'm out there every week and we're starting to see a little bit of a turn in the market.

There's a few less buyers out there.

Some of the results aren't as strong.

So you've just got to be positioned for opportunity, have your finances ready, and it's better to own a property than to wait to own a property.