Give yourself a Christmas Present
4 December 2018
December is the Month to Buy Property.
Whilst December is always a mixture of winding down or going flat out to get jobs done before Christmas,
It is currently a buyers’ market and whilst the media may have been talking down the capital city markets the regional markets have been soldiering on, with some significant capital growth across many of the major Regional Centers over the past 12 months. A few examples are as follows;
Orange – 11.0%
Wagga Wagga – 5.2%
Tamworth – 5.4%
Dubbo – 3.8%
Nowra – 7.0%
Whilst the markets maybe cooling, they are still experiencing capital gain.
As the markets cool and many buyers get busy focusing on other things at this time of year, it creates an opportunity for focused buyers to take advantage of this market lull. Vendors tend to be more focused for those people that are still hunting around and are usually willing to consider lower offers.
Vendors have plans too that they need to get on with and the sale of the property may be the critical step they need to move on. If you have been sitting on your hands this year with a “wait and see” attitude, in the above-mentioned markets for example it has already cost you somewhere between $16,000 - $44,000 on the median house price on capital gain alone.
The Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry concludes shortly, once the recommendations have been handed down, the banking sector will know where they stand, and finance availability should start to open up, after all, Banks are in the business of lending money.
As finance becomes more accessible, sometime in the New Year the property market will see the impact of pent up demand, of the many investors who were shut out of the market or opted for the “Wait and See” approach for the later part of the 2018.
If you are in the position to buy property for either investment or owner occupation, NOW is the time to make that happen and fill your Christmas Stocking with Bricks and Mortar.
For all of you who have supported Aspect Buyers Agency through out 2018, we thank you, it’s been a great year and we very thankful for everyone’s continuing support.
We are closing for the Christmas Break 21st December, and will reopen 2nd January 2019, so if you have any enquires regarding property purchasing or any general property queries we are always happy to help.
On behalf of the team and myself, I wish you all a very Happy Christmas and a Safe New Year, and I look forward to working with you in 2019.
Happy Investing
