melbourne property

Now is the Time to Invest in Property

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The recovery in the property market is underway, creating opportunities for investors.

Over the last two years, negative headlines about the state of the property market have bombarded investors and home owners. Armed with data from the CoreLogic Home Value Index, DPN advises that we’re starting to see evidence of a turnaround in property prices.

Positive sentiment has returned

With housing more affordable now than at the peak of the market, along with interest rates at a record low, investors have reason to step into the market. Home loan serviceability rules have been relaxed and stimulatory measures like rate cuts, infrastructure investment and stamp duty discounts have improved demand in the market. National owner-occupier mortgage activity is at its highest since 2012.

Property prices have turned the corner

Property search activity is up by as much as 25%, with buyers responding to stimulatory measures. This means increased competition at auction for desirable properties, which in turn is pushing prices higher. According to CoreLogic data, there’s been an increase in national dwelling values by 1.2% across October. This gain was the largest monthly increase seen in over four years and it was the fourth successive month where property prices have risen.

Why it makes sense to invest now

With clearance rates and property prices on the rebound, the worst of the cooling market is in the past. Data points to an increase in the pace of the recovery. For example, Melbourne property prices recently increased 2.3%, which is the best result in 10 years. Investors looking to take advantage of the recent downturn are advised to recognise the early signs of a recovery and make the most of the opportunity.

Related:  Brisbane's residential market set to outshine Sydney and Melbourne in 2019

 

For more comprehensive information, see DPN’s article: Now is the time to invest in property.

 

 


Disclaimer: Chan & Naylor takes no responsibility for the accuracy of any research material of contributors to our newsletter. Contributions to our newsletter such as this article, “How Property Investment Can Help You Retire in Comfort,” are meant to be educational only and Chan & Naylor does not endorse any promotional material promoted in their articles. Readers should do their own research to determine the accuracy of their material.

 
 
 
 

Warning

The material on this website has been prepared for general information purposes only and not as specific advice to any particular person. Any advice contained on this website is General Advice and does not take into account any person’s particular investment objectives, financial situation and particular needs. Before making an investment decision based on this advice you should consider, with or without the assistance of a securities adviser, whether it is appropriate to your particular investment needs, objectives and financial circumstances. In addition, the examples provided on this website are provided for illustrative purposes only.

Although every effort has been made to verify the accuracy of the information contained on this website, lnfocus, its officers, representatives, employees and agents disclaim all liability [except for any liability which by law cannot be excluded), for any error, inaccuracy in, or omission from the information contained in this website or any loss or damage suffered by any person directly or indirectly through relying on this information.

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