Valuers are telling us that they have seen the bottom of the market which can only mean that prices will be on the way up.
House prices will not increase until interest rates start to increase so why not get in now before we see a turn in the market.
With the combination of low interest rates and the property market at its lowest, why wait? Taking advantage of the situation now will see an investor secure a great price and set themselves up for good capital growth.
Don't forget the NSW state government incentives that are now in place. All non- first home buyers and investors purchasing homes off the plan or a new dwelling up to $650,000 or vacant land up to $450,000, are eligible for a $5,000 grant. Further details available here.
For the first home owner the conditions are just as positive. The new state government incentives provide great cash advantages. These incentives are directing more people to buy land and build houses and in doing so we will see an increase in land and house prices. Getting in now and making that purchase will get you ahead of the market.
Whether you are an investor or first home owner don't delay, speak with your mortgage broker or real estate agent today.