It’s been an interesting week of speculation on what the market will do with the government announcements last week regarding the bright-line test going out to 10 years from 27 March and also the inability to claim interest against rental income on investment properties. It is hoped this will free up more property for first home buyers whilst not denting the number of rental properties available.
Last week we saw a number of first home buyers completing their purchase in the auction room and each time the audience gave an ovation for those purchases. It is the highlight of our auctions when this happens and we look forward to seeing many more first home buyers enter the market.
EVES. Exceptional. Every day.