The market has yet to reset from the downfall we have seen throughout the last year. With thousands of units anticipated to launch throughout the city in 2019, we expect to see a slight decline in asking prices and therefore more buyer activity.
So what’s happening now in the inner city? While the market is cooling a little along with the rest of Australia, inner city is holding firm at the higher end of the market. The slowing market also represents a good opportunity to upsize for those looking for a new year move – the gap between your current home and new home could be smaller than before, so it’s easier to take the leap.
Thinking of a new home for the new year? Get in touch today to arrange your free market appraisal.
THIS IS ONE ARTICLE WE HOPE YOU NEVER HAVE TO READ. BUT IF COVID-19 HAS IMPACTED YOUR INCOME TO THE POINT WHERE YOU MAY NEED TO PAUSE YOUR MORTGAGE REPAYMENTS, THEN WE’VE BROKEN DOWN THE BANKS’ DEFERRAL POLICIES FOR YOU. Late last week the Australian Banking Association (ABA) announced that small businesses … Read more
THE RESERVE BANK OF AUSTRALIA (RBA) HAS CUT THE CASH RATE TO A RECORD LOW OF 0.25% FOLLOWING AN EMERGENCY MEETING DUE TO THE IMPACT THE CORONAVIRUS IS HAVING ON THE ECONOMY. RBA Governor Philip Lowe said in a statement the move was due to the virus causing “major disruptions … Read more