October Property Market Stats
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.
With a slight lift in market confidence and a growing level of activity, the October house stats have indicated that we’ve turned a corner and that property values are heading back in a positive direction.
Capital city home values
Source: Corelogic 1 Nov 2020
The capital city house values are making up for the slight losses experienced over the last 8 months, showing good signs of a steady market.
Low interest rates combined with stable prices just add to the confidence of people wanting to purchase property. If you’ve been sitting in the wings waiting for the right time to get in, it’s already on the move.
Have a chat with our team to re-assess where you’re at and build some effective search criteria. Enquires emma@activepropertyinvesting.