on the Monday, May 20, 2019
While you may be still shaking your head and nursing your post Election hangover, many will be waking up today and thinking, “now what?” with regards to either selling or buying either their investment property or family home.
This year has seen a 10 to 20% drop in the housing market, the departure of many investors, the lack of confidence from the findings of the Royal Commission, tightened lending, and a political battle that included a scare campaign around property highlighting potential changes to negative gearing from the ALP.
All of this, amongst other factors have created a very fragile environment. That in turn, all of this has produced very low confidence in the property sector for both buyers and sellers.
So, what’s the good news you might ask? People do not like change. The RBA have held the cash rate for a record period of time at an all time low of 1.50%. No change. The Government remains in place. No change. These two factors alone should contribute to an increase in confidence in the property sector.
The next question is, “When will we see the bottom of the market?”. Unlike people, the market will change. If confidence increases, you will see the market begin to wake up - and change. Property Home Base says the best advice is make your move on this low market, with low interest rates TODAY!
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