Welcome to the first Ray White Austar Pulse for the new year. We hope that you have all had a great break and are ready to face 2019 full of energy and positive attitude.
We are pleased to report that the upturn in activity encountered towards the end of the year has carried through with positive buyer response and activity being very evident over the Christmas / New Year’s break. Austar had its second best year ever for sales registered between 26th December and 8th January, even achieving sales on Boxing Day (perhaps a late Christmas present for some lucky couple) and New Year’s Day. This positive start to the year is in direct contradiction to the doldrums we experienced at the beginning of 2018 and bodes well for an improved year for real estate. With interest rates at their lowest in decades (fixed loans available at under 4% !!!) and the easing of the LVR (Loan to Value Ratio) restrictions by the Reserve Bank coupled with softening house prices, the conditions are certainly appealing for any aspiring homeowners at this time.
If you are thinking of buying come in, the water is definitely warm.