Keep an eye on the ball to grab a bargain
First home buyers can pick up an affordable South Coast property if they keep an eye on the ball or consider outlying villages.
While Sydney buyers are snapping up many coastal properties as weekenders or for investment, locals and first home buyers can still get a foot in the door.
First home buyers are doing it tough, being out bid by savvy investors from Sydney buying up weekenders, investment properties or future retirement homes.
The local market is also strong and people are paying higher premiums for existing homes in the Milton-Ulladulla district.
Often the best option for young families was to secure land and build a new home.
Again you have to have your finance pre-approved and be ready to jump once the land is released.
This is the best way to save costs and have instant equity on completion of the build.
For those seeking lower priced homes, out-lying suburbs are also an option.
Many families are settling in Lake Tabourie, Fishermans Paradise, Lake Conjola, Conjola Park and Burrill Lake.
The markets in these areas are still hot, but there is plenty of room for market growth and the odd good buy amongst them, especially if you want to place your own stamp on a property and try your hand at renovating.
I recently sold a family home in Mollymook for less than $500,000 only days after it went on the market - it's often all about timing.
First home buyers are still picking up properties, predominately land, however, if you dig a little deeper or hunt a little harder the homes are still out there - they just don’t seem to last long on the market so buyers need to be on the ball.