This week, there seems to be a lot more positive news circulating, despite the negativity arising from the Royal Commission findings. Let’s dive in.
First, a report from Nine, a Sydney real estate agent is claiming that the worst is over. Do you agree? Are you ready to jump in and buy before the price hikes?
Exclusive: Property market is now stable and roaring back after a ‘bloodbath’ couple of years
Next, from Your Investment Property magazine, a look on the bright side of property investing and proves why it is never a bad idea to invest in property:
“Cameron Kusher, CoreLogic research analyst, reported that national dwelling values increased by 197.4% over the past 20 years, with the combined capital cities recording stronger total value growth (212.4%) than the combined regional markets (150.3%).”
Meanwhile, on AFR, the REA CEO has stated that property could improve after the elections (paywalled):
Australian property market could improve after elections, says REA CEO Owen Wilson
Another good news story of a diligent property investor: Fourteen properties and $4 million later, former McDonald’s worker Eddie Dilleen buys his first home. Good on him!
As the RBA talks about interest rate cuts, not of people are starting to wonder if that is actually a good thing:
The economy isn’t in trouble, but let’s cut interest rates anyway
Other news:
Auction clearance rates may have risen but home prices are still falling
$30m luxury apartment sale breaks national records
Have a great week everyone!
PS. In light of the potential changes to the mortgage broking industry as a result of the Royal Commission recommendations, we’d like to bring your attention to Back a Broker, a campaign being run by the Mortgage & Finance Association of Australia. Check it out if you’d like to find out how you can help your broker.
