In this week’s property news, it’s all hot, hot, hot! Things are really looking up for Aussie property right now!

Auction market stays hot as dilapidated properties sell under the hammer in Sydney

Sydney auctions run hot as FOMO fuels the market

This has no doubt been buoyed by low interest rates, which are are also a hot topic right now

Will interest rates fall to zero?

Why now is the perfect time to pay more on your mortgage

And whilst the apartment market has faced some challenges, it is still likely to benefit. This is directly from the well-regarded Terry Ryder of Hotspotting:

“I’m expecting uplift in apartment markets in the major cities as we transition into the New Year. It’s clear from the evidence that’s emerging week by week that the post-boom correction that afflicted Melbourne and Sydney has run its course and recovery is real.”

Uplift in major city apartment markets coming: Hotspotting’s Terry Ryder

The good news is too, there are ways to protect yourself when buying into an apartment

The 10-point checklist to protect yourself against a cladding nightmare 

Despite some uncertainty regarding the economy, it does not mean that investors should rule out activity either: How property investors can take advantage of ‘dicey’ conditions

Meanwhile over in WA, there are fears about what new stamp duty plans could do to the economy.

Leaked property industry letter: Labor’s stamp duty plan could ‘compromise jobs’

“The property industry has warned the state government’s plan to kickstart WA’s construction sector by paying stamp duty rebates to investors buying off-the-plan apartments might “compromise jobs”

Finally, here is an article with some property predictions for next year. Things are looking up!

10 Sydney property market predictions for 2020

We’re keeping a close eye on the First Home Buyer Deposit scheme too, so stay tuned so we can keep you up to date!

NAB to implement First Home Loan Deposit Scheme

First Home Loan Deposit Scheme not ‘top of mind’ for buyers, experts say

Have great week everyone!