Australian Housing Market on the Rise this Year

multiple houses for sale sign

As confidence levels return for buyers, sellers and investors, we’re expecting a busy year in the property market.  This is due to several factors including the record-low interest rates, stamp duty exemptions and government grants.

Strong first homebuyer activity will continue to thrive into the new year. We should also start to see investors return in search of income and capital wealth. With historically low interest rates as the driving force, it should mean that many first home buyers are able to get their foot into the property market sooner. Also you can pay off your home loan balance can be paid down faster if the current repayment amount is maintained. Alternatively, you can free up cashflow for other financial goals if you reduce your monthly loan payments. Learn more about how these low interest rates may affect you.

Last year Australia experienced extremely low rental vacancy rates that resulted in an increase in rental prices. This year, we expect to experience a shift between supply and demand with a strong push from patient sellers. This in turn will create an influx of fresh real estate listings hitting the market for eager buyers.  As a result, this renewed buyer and investor confidence will drive more competitive home loans.

Our expert and award-winning brokers are here to help you find the right home loan based on your financial circumstances. Contact your broker today on (08) 9367 4222 or [email protected] or fill out the form on this page to arrange an appointment and we can let you know your options!

Leave a Reply

Your email address will not be published.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