Interest in the real estate market has certainly bounced back post-election! More homes are being listed, there are reportedly more interested buyers, investors are back in the market, home loan applications are the highest they’ve been in six months according to Comm Bank, the cash rate has dropped and we’re waiting for and confidence has returned.
The First Home Loan Deposit Scheme and First Homebuyer Super Saver Scheme have both been implemented to help first home buyers get into the market by reducing the deposit from 10% to 5% to eligible buyers and to assist with saving a deposit faster through your Super. They’re both great incentives, and if you want to know more about either, please get in touch.
For upgraders and re-financers, the banks have loosened their tight hold on their money, and they’re not being quite as stringent when processing loans.
For investors, there are great opportunities in both regional and city locations along the east coast that are being touted as high capital growth, high rental demand areas.
All in all, the property market is looking good.
If you’re in the position to buy, sell, upgrade or refinance, I’d love to help.
In the meantime, rug up, stay warm and put the kettle on. Winter will soon be over!