History shows us that after each Global disruption, there has been an increase in property prices. Whilst we are certainly in "un-chartered waters", there is no reason to suggest that this time will be any different. The market has already lost around 10% in most areas, potentially with more to drop. The pitfall is that everybody tries to pick the bottom of the market to buy. Unless you have a crystal ball, the only time you KNOW that the market has bottomed out for sure.....is when it begins to bounce back up. Once that happens, EVERYBODY comes back in and then often times you have missed the opportunity.
So for those of you that have a secure job, NOW is the time to get your finances in order. We can direct you to some fabulous Mortgage Brokers and Financial Planners that will assist you to put your plan in place. Now is a great time to move UP in the market - from an apartment to a townhouse, or from a townhouse to a home with land. To move closer into the CBD or closer to family. It will also be a good time for investors. But first, you must get yourself ready to buy.
Julie DeBondt-Barker Founding Director, Buyers Advocate Created Australia’s first low flat fee Buyers Advocacy service. She is absolutely passionate about saving Home Buyers time, heartache and money.