Preparing to buy a property in this fast moving market feels like you’re running a race. There’s a little bit of adrenaline and a touch of panic but don’t fall victim to making emotional decisions from the fear of missing out (FOMO). To invest with clarity and confidence, you need to prepare and you need to understand how to succeed in this kind of market.
You may have heard of the pending changes to Stamp Duty in VIC and NSW. Victoria has opted for a stamp duty concessions to stimulate property market activity following it’s COVID closures in late 2020. The discount applies to contracts entered into on or after 25 November 2020 and before 1 July 2021. This means that if you’ve been thinking of investing in VIC, you have three months to capitalise on this.
Western Sydney Awards Business Winner, and Director of Active Property Investing, Emma Allen is one of several authors who have just reached Amazon’s top spot for Business Biographies and Women in Business books.
The conditions to invest in 2021 are looking promising with low interest rates, government incentives weaning out, business getting back on its feet and an increase in consumer confidence. The level of property market activity leading into the Christmas period is a good measure of what is about to come.
For many years we have forged partnerships that stretches across greater Sydney, and along the eastern seaboard, so we are absolutely thrilled to be acknowledged for Excellence in Customer Service in the Western Sydney region as it’s Australia’s third largest economy.
We have been breaking all kinds of records in 2020, and the latest RBA cash-rate drop to 0.10% is just that, another new record. At practically 0% it’s a support mechanism for our recovering economy and an attractive win in favour of first home buyers and investors trying to get a foot on the property ladder.
Spring has brought action back to the property market with a slight lift in activity across the states. Corelogic’s September figures have indicated a slowing of the downturn with Sydney values down by just -0.3% (-1.6% for the quarter); a reflection of the lock-down in Melbourne with values down -0.9% (-3.3% for the quarter); but Brisbane making headway up +0.5% (and neutral for the quarter).
The AusMumpreneur Awards presented by The AusMumpreneur Network celebrate and recognize Australian Mums in business achieving outstanding success in areas such as business excellence, product development, customer service and digital innovation. The awards are designed to recognize the growing number of women who successfully balance motherhood and business in a way that suits their life and family.
Investing in property might be at the forefront of your mind now that spring is upon us! And whilst it’s typically the period where buyers and sellers come out in force, there is definitely change in the air because of the new world of COVID-19 we all inhabit. Here we have some expert advice from Emma Allen, local businesswoman and AusMumpreneur Finalist.
One thing that the pandemic has done is make us ‘pause’ and re-consider our priorities.