fbpx
CategoriesBuying & Selling

 

Consumer confidence is continuing to improve as has business confidence. 

  1. COVID-19 numbers are very low with the prospect of a vaccine around the corner. 
  2. Auction clearance rates have been strong in Melbourne and Sydney; Brisbane is experiencing more robust clearance rates compared to past years.
  3. First time home buyers are back in the market taking advantage of government incentives.
  4. Our economy is improving faster than many expected, we are in for a quick and sustained recovery, although there are always those media commentators that are spouting doom and gloom come March when Jobseeker and Job keeper are no longer.
  5. Buyers and sellers are active in the market, although most Brisbane markets are still behind on a number of transactions, due to limited stock, prices are on the rise with 3% growth over the last 12 months.
  6. Money is cheap now; interest rates are at an all-time low and banks are lending to investors again. Mortgage deferrals have been falling and there is no chance of an avalanche of mortgagee sales.  The latest rate cut and a guarantee of rates remaining low over the next 3 years will give home buyers and investors’ confidence.
  7. Property investment is a game of finance with real estate thrown in the middle, when finance flows freely and people take out loans before they commit to purchasing a property, then the next logical step is rising property prices.
  8. Moving forward further job creation, consumer confidence and business spending will underpin our housing markets. (Yardney, 2021 – What’s ahead for our property markets for 2021). 

Leave a Reply

Your email address will not be published. Required fields are marked *