Property remains a little sweeter than expected
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).
With a budget focused on economic recovery, there are numerous factors such as support for first home buyers, fast-tracking of infrastructure projects and employment stimulus that add to the stability of the property market. There’s a possibility that with this continued activity, we’ll see a recovery of property values sooner rather than later.
If you’ve been sitting in the wings waiting to see what would happen post September, now is the time to revisit those ideas and make the most of what you have. For anyone thinking about investing, including family or friends you have inspired, contact our team on 1300 449 974 or firstname.lastname@example.org