Hi All,
I have been watching a couple suburbs in outer melbourne where i invest, and basic houses listed for between $220-$270k have been getting snapped up very quickly.
On realestate.com.au in one area, the first 7 (cheapest) listings all had contracts on them within 1 week!
Now whether its first home buyers taking advantage of the grant, or some investor confidence returning with lower interest rates....seems to indicate that some of the lower end of the market may do okay.
Even if this is only a temporary rush to buy in these areas, it may help to support a new baseline level in these areas i guess.
Just thoughts,
Cheers,
Nathan
I have been watching a couple suburbs in outer melbourne where i invest, and basic houses listed for between $220-$270k have been getting snapped up very quickly.
On realestate.com.au in one area, the first 7 (cheapest) listings all had contracts on them within 1 week!
Now whether its first home buyers taking advantage of the grant, or some investor confidence returning with lower interest rates....seems to indicate that some of the lower end of the market may do okay.
Even if this is only a temporary rush to buy in these areas, it may help to support a new baseline level in these areas i guess.
Just thoughts,
Cheers,
Nathan