5 steps to help you find a competitive edge this home-buying season

Spring is traditionally the peak season for property, and three spring property market 2025 rate cuts could fuel buyer competition. Check out five steps that can give you a valuable head start this spring.

The combination of warmer weather, blooming gardens and the chance for buyers to be settled in their new home by Christmas makes spring one of the most popular periods for home buyers.

This spring is set to be no different. Some experts are even predicting that the August rate cut could ignite the spring property market and intensify buyer competition.

Here’s how you could give yourself a competitive advantage this spring.

1. Set a date to talk with us

No matter whether you are a first-home buyer or upgrading to your next home, recent months have seen plenty of changes in the mortgage market.

Three rate cuts in 2025 have likely changed your borrowing power, and it is critical to know how much you could borrow so that you can establish a home buying budget. Otherwise, wasting time looking at homes you cannot afford can mean missing out on your ideal property. Bottom line: set a date to meet with us to know where you stand in terms of your home loan readiness and personal borrowing power.

2. Consider home loan pre-approval amid spring property market 2025 rate cuts

Having your home loan pre-approved before you even start heading off to open home inspections can give you a real edge. Pre-approval provides reassurance that you can secure funding up to a set limit.

This means you’re well-placed to make a strong initial offer, or bid at an auction, knowing exactly what your upper price limit looks like. Loan pre-approval also lets you act quickly when you see a place you want to buy. With spring property market 2025 rate cuts driving stronger buyer demand, loan pre-approval also lets you act quickly when you see a place you want to buy. This alone can put you in pole position ahead of less organised buyers.

3. Look beyond open homes

In a fast-moving spring market, some homes will be sold before they’re even publicly advertised. That’s why it can pay to connect with local real estate agents or a buyer’s agent and let them know your buying budget (home loan pre-approval will clarify this).

That way, they can let you know about any off-market opportunities – homes that haven’t yet been openly listed for sale. Hot tip: don’t be afraid to let selling agents know you have loan pre-approval. It shows you are a serious buyer.

4. Understand the buying process the buying process during spring property market 2025 rate cuts

Importantly, whether you are a first-home buyer or upgrading, recent months have seen plenty of mortgage market changes.

Furthermore, with spring property market 2025 rate cuts, know your borrowing power to set a budget and avoid missing ideal homes.

5. Build your team of specialists

They say it takes a village to raise a child. However, it can take a team of specialists to buy a home. You’ll need a mortgage broker, lawyer or conveyancer, buyer’s agent, and fast building/pest inspectors when purchasing property.

Having your team ready saves time in the buying process and helps you beat other buyers to the finish. We can help put you in touch with our trusted network of specialists if you wish.

Moving fast could mean price savings

However, don’t rush a property purchase, but if you stay organised and bring forward your buying plans, you could save on price. Analysis by PropTrack shows that September home buyers typically pay 0.23% less for a home than the average price throughout the year. Delay buying until November, and you could pay 0.78% above the average price.

Follow our five steps to enter the spring market prepared, competitive, and confident in your home buying journey.

Contact our Lending Specialists today to get a head start in the market.

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to your circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.