It’s time to consider buying!
It has been a turbulent couple of months for property, but it seems that we might have finally seen the bottom of the market, with the media recently reporting an uptick in the market nationally, driven by a number of rate drops and loosening of borrowing regulations.
The ABC reported earlier this week that the speed at which the housing market has bounced back had stunned many observers. So much so in fact that there is already talk of first home buyers being priced out of the market again, and investors are returning from their 12+ month hibernation thanks to the prospect of decent capital gains and relaxed lending restrictions. If the current pace is maintained, we could be back to record levels before the middle of next year.
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