How to buy in a hot vs cool property market

Pete Wargent and Amy Lunardi explain how buyers should adapt their property strategy in hot and cool markets, from reading local signals to negotiating with more confidence.

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About this episode

Most buyers search for property the same way no matter what the market is doing. That is the mistake.

In this Australian Property Podcast episode, Pete Wargent and Amy Lunardi explain how to diagnose the market you are actually buying into, then adjust every part of your strategy to match it. National headlines might hint at sentiment, but they tell you almost nothing about what is happening in your target suburb, price bracket or property type.

Pete and Amy break down the indicators that really matter: auction clearance rates, days on market, vendor discounting, stock levels and the number of registered bidders showing up on auction day. They then unpack what a hot market feels like on the ground — faster decisions, tighter due diligence windows, stronger prior offers and the very real risk of FOMO pushing buyers away from their original brief.

Just as importantly, they cover the opportunities and traps in cooler conditions. You will hear how to read vendor motivation, when a low offer is strategic rather than silly, why long days on market can signal either value or danger, and how off-markets and EOI campaigns behave when sentiment softens.

If you are a first-home buyer, upgrader or investor, this episode offers a practical framework for buying with more confidence. There is no perfect market — only the right strategy for the conditions in front of you.

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