Welcome to the second last property news for 2019! Stay tuned for our end of year wrap up in the next few weeks!
First up, as we already know, prices are on the rise, boosting optimism for 2020.
National property prices see biggest gains since 2016
Sydney, Melbourne house prices post fastest quarterly growth in three years
5 Sydney suburbs where property prices are tipped to explode in 2020
Whilst off the plan may have had some bad press lately, there are plenty of reasons to consider buying one.
From Urban.com.au, here are Five reasons why now could be a good time to buy off the plan. You can have a read of our article on this topic here.
Meanwhile, some new rules have come into play for NSW regarding off the plan:
New off the plan rules for NSW apartment developers
There’s a good reason why you might want to consider off the plan. It looks like a housing shortage may be on the cards:
Residential Approvals Fall for Two Years Straight
Auction rates are seeing the benefit of the improved market too!
The only spot on the horizon might be lending restrictions, which do not look set to ease anytime soon, despite some rate cuts.
Citi raises home loan interest rates, NAB lowers
Aussies to be questioned over streaming services, private schools under new ASIC lending guidelines
Those eagerly waiting on information on the First Home Loan Deposit Scheme, some definitive information has finally been released: https://www.nhfic.gov.au/what-we-do/fhlds/
First home buyers, we have something mega-exciting in the works for you in 2020. Stay tuned!
Have a great rest of the week!