Property Report - November 2019


HIGH ENERGY IN THE PROPERTY MARKET - SPRING / SUMMER UPDATE

As we leave the last of the cold weather behind, and large numbers of properties come to market, buyers’ faith is restored in the property market 

There has been some nervousness on the diving board lately—buyers have been dipping their toes for a couple of months, but without variety in the marketplace buyers have been reluctant to take the plunge.

Now that scale is tipping, with a broader variety of properties available across the North East. We saw a good Spring coming, but didn’t expect conditions to be so good. Whether you are in a position to purchase your first home, invest, refinance, up-size, or down-size, you have a couple of months left in 2019 to achieve these goals. And I for one can think of no better time.

 

REFINANCE

When was the last time you paid attention to your mortgage? Even if you aren’t ready or willing to sell, with the cash rate at an all-time low it is a great time to consolidate debt. You may be surprised—your investment ambitions may not be as far away as you think. Or if you are satisfied with your current position, maybe refinancing could free up a bit more cash flow each month.

If you need a recommendation on mortgage broker, or just some personal advice, our office door is always open. Remember: Integrity’s agents live and breathe Kinglake property. We’re local agents who can give you down-to-earth advice from personal experience.

 

UP SIZE

One of the most common dreams achieved by homeowners in the Kinglake Ranges is the “up size”. With a foot in the market door, many young home owners are able to build strong equity in their homes and use that equity to leverage the purchase of a larger property.

Are you unsure about the equity in your home? Integrity Real Estate’s Market Appraisals are FREE and no-obligation. In exchange for a cup of coffee we are happy to share our expert insights with you to help inform your next property decision.

 

DOWNSIZE

As demographics change we understand that residents may require a different property for a different stage of life. However, the prospect of buying and selling at the same time requires a tactical plan. It can be daunting to decide which step to take first: do I put my property on the market? Or should I find a property before I sell? This is not an easy decision, and depends on a variety of circumstantial factors. This happens to be a situation our agents are trained to assist with. We are with you every step of the way, managing the process from pre-planning to settlement 

As a family business, our service is of the highest importance to us—key to our service is our advice, and our advice is always free.

 

PURCHASING

I shouldn’t need to spell it out—this is the best time to purchase. With an influx of stock, low interest rates, and steady house prices, the conditions are ideal.

For First Home Buyers, time is of the essence. The generous grant for First Home Buyers building in a regional area ($20,000) runs out in 2020. So if you are looking for value-for-money land blocks, you’ve come to the right place.

Furthermore, if we don’t have what you desire on our books at the moment, we will list it for you. It is simply a matter of time. So get on the Integrity Database so that you will be first informed when new properties arise.

And as always, think real estate, think Integrity. For any advice call us on 5786 2033.