Buyers Welcome the New Year
Monday, 12 January 2009
2009 looks set to offer excellent conditions for buyers, with a number of factors making it a great time to make a move. Affordability has rapidly improved in recent times, due in large part to the slashing of interest rates. With further cuts expected to send official interest rates to record lows, repaying a mortgage will become easier than ever. First home buyers will also get a large leg-up during 2009 with the increased government grant making it far simpler to pull together a deposit.
Prices at the top end of the market have come back, providing good opportunities for those seeking to upgrade to a luxury home. Investors are also being treated to far more favourable conditions, with affordable prices, higher rents and lower interest rates serving to make property a smart choice. The best opportunities for price growth will come from the apartment market, with a number of previously underperforming suburbs now representing excellent value.
