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Indicators say now is the time to buy
Wednesday, October 01, 2008
Historically property cycles in Australia take five to ten years to run full cycle.
The key to long term success is knowing when the time is right to buy.
The four key indicators that assist in predicting capital growth and market activity are:
1. Long term trends in value - the longer the median house price remains static or only marginally positive, the closer the market is getting to 'active' conditions.
2. Interest rates - lower interest rates make property more affordable for more people, thereby increasing demand.
3. New building construction - low activity in the new dwelling sector affects supply and has an eventual positive impact on the price of existing dwellings.
4. Rental vacancy rates - with vacancy rates around 1% to 2% rents increase to reflect pent up demand and low supply. This leads more people to enter the housing market.
Looking at the key indicators in our current market would lead to the conclusion that now is the right time to buy before prices start to increase.
Robinson Property win Small Business Awards
The team was very honoured to win the "Best Real Estate Office" category recently in the Small Business Awards in Port Stephens.
It was a great award to win as the customers are the ones that vote and even a greater achievement as Robinson Property have only been in the area for 3 years.
Thank you to all our customers for their support.
