With interest rates on the way down and they are predicating a couple more before the end of the year (gee that sounds scary end of the year) will that mean more people can get into the market.
Prices have been rising consistently this year and I feel like people are going to push themselves big time over their heads (if the rates do rise and we know they will).
Anyone considering taking a loan out (please speak to a good broker) and make sure that you are calculating the repayments with at least 1.1.5% above what they currently are.
People's expectations are having to come down as they keep missing the mark on homes that they are going for. Instead of the home you thought that you want you might have to go to a villa or a townhouse perhaps to start with.
Interest rate drops are good for the home buyers but not good for the investors (retirees) as they don't get their income that they need, which will result in less money being spent. Vicious circle really isn't it.
If you are on that cusp now of going to be able to buy something and you have saved a good deposit then make sure you align yourself with that amazing broker.
MAKE YOUR OWN DECISIONS AND GIVE IT A REAL GO!!
SELLING MOSMAN PARK & THE WESTERN SUBURBS!!
KEEPING IT REAL IS OUR MOTTO!!
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