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I feel it's time to give you a challenge.
If you've been considering investing in property then now is the time to prepare and get in before the 2024 boom in the property market.
The Challenge: Over the Christmas / NY period...
Make contact with your mortgage broker*
Get an understanding of what is possible for your situation
Reach out to me and let's discuss your next steps
* Ask me for a referral to a trusted Mortgage Broker if you don't have one. If you missed my 3 minute video on "How to Purchase an Investment Property using Existing Home Equity" then go HERE
I also have some Adelaide SA options starting at $825,000. Let me know ASAP if you are interested.
If you think all this is too good to be true, go HERE to watch my NDIS Property FAQs video.
Okay, let's get into this market update which includes...
Property market to recoup 2022 downturn by the end of the year
'If you think Aussie property prices are high now, you've seen nothing yet'
Have property buyers missed the boat or should they take the plunge?
Terry Ryder: no better time for investors to make their 2024 move
Perth’s crazy fast property market sees homes sell in just over a week
Interest rate hikes pointless in face of disastrous lack of housing
Here are the article links etc...
Property market to recoup 2022 downturn by the end of the year
Australia’s property market has almost entirely recovered from the 2022 downturn and will do so by the end of the year, according to Domain.
The Domain House Price Report for the September quarter, has revealed house prices across the combined capital cities have just $1667 left to recoup from last year’s downturn, before hitting a new record.
Click HERE for the article.
'If you think Aussie property prices are high now, you've seen nothing yet'
A leading national commentator argues Australia's seemingly high property prices are a mirage, with the next two years set to deliver rich rewards for local and international real estate investors who take the plunge now.
Click HERE for the article.
House prices set to surge by June 2025
House prices will rise almost 15 per cent nationally by June 2025, with limited property supply, heavier migration and anticipated interest rate cuts fuelling the growth.
The significant prediction comes from big four accounting firm KPMG, in its Residential Property Market Outlook, September 2023.
Click HERE for the article.
Have property buyers missed the boat or should they take the plunge?
Property buyers around Australia have seen prices rise rapidly, with many now wondering whether they've left their run too late or if now is the time to jump in.
Click HERE for the article.
My comments: The article suggests that renovating during this time is a good idea. I don’t disagree, however it needs to be executed with caution as most renovations blow out in cost, and often end with a compromise of some kind. As long as you can live with compromise it might be worth considering. Of course, this is mainly for your owner occupier home rather than for investment properties.
Terry Ryder: no better time for investors to make their 2024 move
API Magazine's newest columnist, Terry Ryder of Hotspotting, says property investors who have been sitting on the sidelines should get into the game, with the real estate market set to take off in 2024.
Real estate markets are being impacted by a well-entrenched imbalance between supply and demand – and it’s becoming increasingly pronounced.
We still have a shortage of listings of properties for sale, despite the Spring surge, and we are still building far too few new dwellings.
There continues to be a serious undersupply of homes available for rent as demand for properties rises, boosted by record overseas migration.
According to the Australian Bureau of Statistics our national population growth rate is at its highest level in 20 years and net overseas migration in the year to March 2023 is the highest on record.
Click HERE for the article.
Perth’s crazy fast property market sees homes sell in just over a week
Perth houses are selling almost twice as fast as they were a year ago, with buyers snapping them up in a median of just eight days in October.
Click HERE for the article.
My comments: Simply a big congratulations to my clients who purchased in Perth in the past 2 years! Hang on as there is more to come!
Interest rate hikes pointless in face of disastrous lack of housing
The fact dwelling values keep rising despite a dozen or so interest rate hikes underlines the supply crisis facing the Australian property market.
Property prices march on!
In a balanced market, 12 interest rate increases would be expected to dampen prices. The fact house values keep rising underlines the supply crisis.
CoreLogic figures show dwelling values rose 10.9 per cent over the first 10 months of the year in Sydney. Regional markets can lag the capital cities but the trend holds, as prices in regional New South Wales were up 0.6 per cent in October.
Click HERE for the article
The Action You Need to Take...
For the next few years the property market will continue to go up. Growth will actually accelerate from here for the next few years. Don't be left behind, Now is the time to take action!
Call me, make a time to discuss your situation and let's discuss how you can benefit from the real insights and experience I can provide to create more wealth, more cash flow and ultimately more financial security for you and those you care about.
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