Raine & Horne Port Stephens
R&H
You are viewing an article that is not currently active

What property buyers can learn about climbing the real estate ladder from their AFL and NRL teams

September 12, 2024

With the scent of eucalyptus wafting through the air and magpies swooping unsuspecting passersby – it can only mean one thing – spring has sprung – and our property markets and favourite footy competitions are entering their peak championship seasons. 

Just as the best eight AFL and NRL teams have climbed their way up their ladders towards the holy grail of a “flag” (Aussie Rules) or a “comp” (rugby league), real estate buyers must similarly climb the rungs of the property ladder to secure their dream homes. 

Whether you’re a fan of the Sydney Swans or a rusted-on Melbourne Storm supporter, there are key learnings from our leading footy team’s that can offer valuable insights for buyers seeking to scale the property rungs. Let’s break it down into seven simple steps.

1.     Consistency and preparation are vital 

In property and footy, consistency and preparation make the difference. Premiership favourites such as the Sydney Swans and Melbourne Storm, top ladders consistently by preparing and studying their opponents. In the property market, similar principles apply – buyers who are consistent with their research and budgeting, have a preapproved home loan and regularly attend open for inspections put themselves in a good position to takes steps along the real estate ladder.

2.     Adapt to fluctuating conditions 

Over long footy seasons that cover most of the autumn and winter months, consistent teams in the AFL such as Port Adelaide and the three-peat NRL champions Penrith Panthers adjust their strategies and tactics. Injuries also come into the equation and weather conditions – playing footy in Townsville’s humidity against the North Queensland Cowboys is very different to kicking an AFL Sheerin around freezing Adelaide Oval. Likewise, property buyers who can be flexible with their strategies and tactics and be ready to pivot when market conditions shift put themselves in a solid position. Regardless of whether interest rates rise, or housing prices fluctuate, flexibility can help buyers make canny decisions at the right time.

3.     Take advantage of momentum 

The Geelong Cats in the AFL and the Sydney (Eastern Suburbs) Roosters in the NRL gained momentum in key matches this year and used this impetus to push themselves up the ladder. Similarly, as a buyer, when you identify conditions that are encouraging, such as more properties on the market for sale or you’re found the right apartment or house within your budget, use this momentum to your advantage. Moreover, when market conditions are in your favour, and you have your finances in place, it’s generally a good time to make your next real estate move.

4.     Stay strong through setbacks 

Only some seasons go to plan – just ask the Brisbane Broncos. The Manly Sea Eagles in the NRL faced some tough losses during 2024, including a defeat by perennial wooden-spooners, the West Tigers just before the finals. However, the Sea Eagles remained focused on their goals (and tries), finishing towards the top rungs of the ladder. For property buyers, setbacks such as missing out on a property at auction or facing tough competition can be discouraging. But persistence and sticking with your real estate goals is crucial, whether you’re a first-timer, upgrader, downsizer, or investor to eventually land on the right rung of the property ladder. 

5.     Know your strengths 

Every footy team on the top rungs of the ladder has its assets. The GWS Giants and the much-maligned Cronulla Sharks have made the most of their assets, along with some hard work – both clubs have been known to tackle the gruelling Wanda sand dunes in Sydney’s south at times – to secure fourth on their respective ladders. When buying bricks and mortar, it’s also important to know your strengths, as well as your financial situation. These factors in combination with your local market knowledge, and home loan preapproval, can help you to move quickly to secure the right property in a competitive market. 

6.     Build a reliable support team 

Behind every winning footy team is a fantastic support crew of coaches, analysts, strategists, fitness and medical experts. Likewise, property buyers need a support network too. A knowledgeable real estate specialist such as your local Raine & Horne agent, a mortgage broker like Our Broker, and a legal advisor, whether it’s a lawyer or conveyancer, can provide the expertise you need to navigate the buying process smoothly.

7.     Focus on the long game

Finishing near the top of the AFL or NRL ladders isn’t just about winning one or two great games. By building momentum weekly, the stronger teams put themselves in the running to finish near the top of the ladder. Melbourne’s supercoach Craig Bellamy is a master at building momentum to help time his team’s run into September. And apart from some years ruined by salary cap breaches, the Storm has consistently finished towards the top of the ladder since 2003. Similarly, climbing the property ladder rungs involves planning and persistence. The real estate market may have its ups and downs, but with the right approach, it’s possible to secure a quality, well-located property that builds wealth over time.

Winning the big dance 

Winning the AFL grand final on the last Saturday in September or the NRL’s big dance a week later, requires strategy, persistence and a strong team behind you. 

Like the best footy teams, whether it’s the AFL’s Hawthorne Hawks or the Canterbury Bulldogs in the NRL, which have managed the highs and lows of very long footy seasons, buyers must navigate the complexities of the property market to achieve long-term property ladder success. 

If you are considering selling or buying a property this footy finals season, contact your local Raine & Horne office today. If you need to organise your finances, contact Our Broker on 1800 913 677.