Are mortgage costs or house prices going to go down in the next couple of years?
What interesting times we live in. The Reserve Bank’s official cash rate has remained on hold for an extended period, the home loan market is highly competitive, and to cap it off, property price growth is cooling in many parts of the country.
It’s a combination that may spell opportunity for some Australians hoping to achieve their property dreams - be it buying a first home, an investment property or upgrading to a better home. However, it is important to remember, Australia is made up of micro-markets, so you need to understand what’s happening in your patch – or any market you’re thinking of buying in.
To stay on top of the ever-changing market, keep up to date with current property news and talk to your Aussie Broker to see how you can take advantage of these conditions to achieve your property goals.