Warren Buffett:

• Be Fearful When Others Are Greedy and Greedy When Others Are Fearful – Buffett would see the down market as an opportunity to buy premium family homes at lower prices. He values long-term investments and would only purchase if the homes are fundamentally sound, located in good areas, and available at a discount to their intrinsic value.

• Focus on Quality – He would emphasise purchasing properties in prime locations with durable appeal, considering them similar to blue-chip stocks that hold their value over time.

Peter Lynch:

• Buy What You Understand – Lynch would recommend investing in homes or areas you know well, much like his advice for stocks. He encourages buying undervalued assets with strong long-term prospects.

• Don’t Try to Time the Market – Rather than waiting for perfect conditions, Lynch would advise buying when you see a good opportunity, focusing on individual deals rather than market-wide trends.

Mal James (James Buy Sell):

• Focus on the Fundamentals – Mal James would likely suggest focusing on the quality and desirability of the home rather than being swayed by the broader market downturn. He emphasises off-market transactions and using local knowledge to secure undervalued properties.

• Long-Term Value – Like Buffett, Mal James encourages patience, looking for properties with strong long-term value. He would recommend navigating the market carefully and using this moment to secure premium homes at reduced prices.