It is an interesting market at the moment. As indicated a few weeks ago, we are seeing investors selling up their second homes, unable now to claim income received on their rental property against the interest they are paying. Interest rates are on the move possibly blocking more first home buyers from coming into the market. Hopefully our young people really enjoy living at home as it seems there are few other options available to them.
The rest of the market is still strong with people trading up and down the property ladder, after renovations and upgrades during the period of time they might normally be travelling. The auction room is busier than ever, prices are still holding their own and in many areas are increasing. Property is still a great long term investment. History shows that and at least you can borrow from the bank to purchase an investment property, unlike stocks and shares.
EVES. Exceptional. Every day.