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The new FOMO: Fear of moving on during a property boom and how to handle it

Press coverage 4 March 2021 Summary of published coverage
The new FOMO: Fear of moving on during a property boom and how to handle it

Owners were hesitating to sell during the boom because they would have to buy back into the same heated market, realestate.com.au reported. PIPA chairman Peter Koulizos said there was no financial gain in selling and buying in identical conditions, but warned that waiting could leave sellers facing even higher prices later. Other commentators suggested negotiating longer settlements and avoiding lowball offers in a seller’s market.

Reported by

Sophie Foster, realestate.com.au, 4 March 2021

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