If you’ve been keeping up with the latest property news, you’ll know that the property market has seen better days. But with prices expected to ‘bottom out’ in the coming months, many potential buyers across the country could be tossing up about whether now is the right time to make their move.
“If you’re in Sydney or Melbourne, there are a number of factors that make now a good time to buy,” said Mozo property expert, Steve Jovcevski.
“The serviceability ratio has been reduced, so it’s easier to show you can service debt and get a home loan - clearance rates are also high, which shows strength in the market. Auction levels are also low, which means there are less available properties which puts pressure on buyers with less options thus pushing up prices, plus there’s a high demand for older apartments now because of all the recent defects on some new apartment buildings.”
So if you’re an Aussie who believes there’s no time like the present, you’re going to need the right home loan as part of your home buying arsenal. But no matter if you’re currently on the hunt for your dream home or are ready to make an offer, we’ve got five great places to start.