Market set to enter next upward cycle quickly
Well, there has been so much happening since the Coalition got into Government a couple of weeks ago, and the property market has reacted quickly, sharply and in a very positive manner.
With negative gearing off the chopping board, APRA loosening its apron strings for easier finance, Capital Gains Tax staying at 25%, the new First Home Buyers' deposit scheme, increases in infrastructure, talk of three interest rate cuts - what other fuel do you need to throw on the fire to get it going?
So you are probably asking me, “where to from here PK?” and my answer would be; buyers get your running shoes on because agents and vendors will now have extra confidence in the market, and start to hold firm on what they want, which in turn will increase prices quickly.
We all know that the media runs the confidence show in the property market, and lately it's all been negative. That will not be the case moving forward and as I said nearly 8 weeks ago, that the bottom of the market was then. How quickly life can change!
PK's Property Market Predictions
My prediction for the Sydney property market overall for the next twelve months, is that we will see steady gains of up to 10 per cent.
PK's Hot Property Tips
My biggest tip is that you need to get ahead of the pack! So make sure your finance is up to date because at present it is taking three times the average time to get approved. If you need finance, quickly give us a call as we have brokers standing by that can approve finance in a week.
Call me directly today on 0419 200 018 for a confidential chat and for independent advice in regards to helping you purchase your next home or investment property.