Now could be the right time to go in search of real estate in Mermaid Beach, as the latest findings show the Queensland market as a whole is benefiting buyers at the moment.
The Commonwealth Bank/CoreLogic RP Data Home Buyers Index weighs up conditions across the nation to determine whether they are working in buyers' or sellers' favour.
November results showed that while some markets are balanced or bringing advantages to sellers, it is buyers who are reaping the greatest rewards in Queensland.
However, there are some discrepancies between the various regions, so it's worth doing some homework first.
"There are more promising opportunities for home buyers looking to purchase a property in the regional and coastal areas of Queensland," noted Lyn Cobley, executive general manager of retail products and third party banking at Commonwealth Bank.
She emphasised buyers may find they are able to negotiate more favourable deals, providing of course that they know what sort of price they should be expected to pay for property.
This is where enlisting the help of Ray White Broadbeach can come in handy. With years of experience in the local market, we know what's a fair price for your next home.