Welcome to the first Property Association news roundup for 2020!

The year seems to have started off on a good foot with some positive articles circulating.

Property hotspots for 2020: Experts pinpoint the locations to watch

Finance in 2020: What to expect

However, there are still some levels of uncertainty around the country, especially in WA which has struggled since the lapse of the mining boom.

Western Australian property market remains bleak

2020 is looking to shape up to be the year of the first home buyer, especially with the launch of the First Home Buyer’s Deposit Scheme.

Mortgage brokers inundated with home loan applications as homebuyers prepare to purchase

However, first home buyers should be prepared to jump in quick, as some media outlets are cautioning :

More buyers generally equals higher prices, especially when there’s limited stock on the market.

From abc.net.au House price bounce leaves first home buyers behind

The luxury market, which did not see a huge impact from the last downturn, is still performing well.

A New Class of Luxury Developments Launching Sales in Australia – Mansion Global

More from this week:

Then, now and in the future: A glance at Australian property in 2019

Will mortgage interest rates fall in 2020?

Property market update: Sydney, December 2019 – Smart Property Investment

Have a great week everyone!