Is it a greater opportunity for first home buyer?
According to a report from CBA economist Gareth Aird, Australian house prices have been rocketing since 2012.
At one point it felt like The first home buyers dream is going away and then further away…
But what goes up, Must come down.
Australian property market – particularly Melbourne and Sydney – has fallen for 13 months straight. And the much hoped-for soft landing took another hit last week. CoreLogic’s data as at mid-October put Australian clearance rates at 50.7% and there’s a real chance it’ll go sub-50% for the peak spring selling season. Add that to the looming credit squeeze, caused by tougher lending criteria, and buyers will come to auctions ith less money. Prices must drop so owners can sell. Simple.
If you’re a first home buyer with your finances in order and a good credit record – the odds are in your favors! If the data is anything to go by, opportunities will only get better.
If you’re curious to see what the future could hold for you, get in touch! I can help you compare loans from over 35 lenders and even hold your hand during the buying process!
Call now or Book an Appointment for a no-obligation Home Loan Assessment.
MD. MAHBUBUL ALAM ( RUSSEL) M: 0434557302