When making a big investment like property, understanding the current property market is crucial. You want to maximise the value of your investment and know that you can afford the loan repayments associated with your investment. So, is now a good time to buy property? Come in and talk to us about your circumstances and we can work together to find the best loan solution for your goals. Here are a few reasons why the property market is particularly attractive at the moment…
Interest rates are at record lows
In August, the Reserve Bank of Australia (RBA) announced that it would cut the cash rate by a further quarter percent. While it’s too early to speculate whether the RBA will announce further changes to interest rates, the interest rates available for loan products in the current market are particularly attractive to potential borrowers.
Whilst lenders didn’t pass on the full rate cut to borrowers, we did see rate cuts from all lenders which means that as a borrower you must compare your home loan options to make sure it is not going to cost you a more than necessary over the long term.
Property prices
Everyone is talking about the property market in WA. If you are looking to buy, then everyone is reporting that it is a great time to buy. However, even when it is a great time to buy, you need to do your research and know the numbers. This way you can be sure to maximise your investment.
New properties are springing to market
Spring is renowned for being one of the busiest times of years in the property market and we are seeing just that as sellers are putting their properties to market in the hope of selling before Christmas. Buyers now have greater choice, which gives them more bargaining power when it comes to price point.
If you are thinking of getting into the market get in touch with one of our brokers today and let us do the hard work for you to compare dozens of lenders to find the most suitable loan product for you.