There is something about spring and the property market! Traditionally, September to November is when the property market goes in to a spin and is at its peak.
Known as the mortgage season, it is a great time to get onto the property ladder or refinance.
House and land packages, blocks of land and new homes are all in demand and it’s a trend likely to continue this spring. In fact, the number of home loans for new properties is up 40% and construction loans have increased 15% compared with five years ago, while home loans financed for established properties have dropped 3% during the same period.*
The Reserve Bank of Australia has kept the cash rate at 2.50% since August 2013. Finder.com has worked with 25 leading experts and economists who predict there will be no change to rates until 2015.
So, if you’re looking for a spring sale, now is the time to clean and de-clutter. Take a look through our Property Presentation Guide on how to prepare your property for sale.
If you would like a free property appraisal or are just after some advice, please don’t hesitate to contact me, Nicole, directly on 0402 737 079.
Source: realestate.com.au
