Where to buy or invest? When is the right time?
Perhaps a crystal ball would help. Fortunately, those in the property market that keep up with the latest trends can highlight great options in the Brisbane and Adelaide property market.
Australian housing market has fallen 4.8 per cent, experiencing the biggest drop in the market since the global financial crisis. Prices have dropped in Sydney, Melbourne, Perth and Darwin but are rising in Hobart, Canberra, Adelaide and Brisbane. The downturn has been driven mainly by:
- significant declines in property prices in Sydney and Melbourne due to tighter lending criteria
- a significant drop in foreign buyers.
Values have dropped in half of the nation’s capital cities, with Perth (-4.7 per cent) and Darwin (-1.5 per cent) also recording substantial falls. The medians in Adelaide and Brisbane are being currently almost half of Sydney.
NOW is a great time to buy your first home with less competition from property investors and the opportunity for assistance of government grants.
Property investors beware!
Trying to time the market is a flawed strategy unless you can make a really informed decision. Financial modelling has shown that the most important factor in a property’s long term performance is its rate of capital growth. Buying cheaply or timing the market makes minimal difference to its performance in the long term.
The bottom line is, it’s more important to focus on the quality of your asset than timing and then hold your investment for the long term and allow leverage and compounding to work at its best.
At The PMC, our property experts are in the know about all of the above factors. We will help you find the perfect investment property. We shortlist the properties from our database according to your identified criteria and preferences. We do all the research and the running around to save, not waste your precious time. We take you on the journey and help steer and navigate each and every step.
Similarly, if you are buying your first home, we can find that perfect home that you have been waiting for.
The PMC has access to thousands of properties! With our proven formula, property experts and fountain of properties across all requirements, we can provide solutions to all of our clients. Regardless of whether you are buying for the first time, an investment property or making a move to a different lifestyle, tell us the qualities that you are looking for, and we will find it!