Interest rates cuts has significantly improved consumer confidence. The number of Australians that think now is a good time to buy a home has jumped 10 per cent since March.
A recent report by BIS Shrapnel confidently predicts that Perth house prices should grow 20.4 per cent over the next three years, that Brisbane should experience strong growth, and, that Sydney’s modest upward trend throughout 2012 should strengthen.
Have you been unfortunately convinced that Australia is at where USA was in 2008? Reconsider it again because RP Data says otherwise...
Australian dwellings construction is 21% below the 10-year average, according to RP Data. This is almost the complete opposite of what was occurring in the US property market in the lead up to the GFC. Our market is chronically undersupplied whereas the US market was chronically oversupplied. Secondly, Australia did not and does not have a sub-prime mortgage issue and our banking system is much more tightly regulated. This is what also helped our market avoid the correction that was inevitable in the US in 2008.
All over Australia there are well priced properties ripe for the picking.Come into JM Chase First National today and let us help you find a property for you!
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