The situation with COVID 19 and the past and current restrictions have had a significant negative effect on both our business and personal lives. During this period however property has boomed in certain sectors and across different locations. This has been due to a number of factors including numerous lockdowns which have had an effect on people’s perception of what is important in life, with many opting to continue working from home and renovating or looking to purchase a bigger home, driving growth in the established market as a result. We have also seen many seeking a sea change or tree change with regional locations experiencing high demand.
In addition, we continue to enjoy all-time low interest rates and generous Government incentives for first home buyers creating significant demand in outer ring locations, in particular.
The RBA has stated rates will remain at current levels for at least the next 3 years, this along with significant State and Federal Government economic stimulus will provide further impetus to the broader market.
This represents a unique buying opportunity we have not seen since post GFC for both investors and first home buyers to enter the market or to expand an existing investment portfolio.
We encourage you to seek our advice as to how you can take advantage of the current buying opportunities to create future wealth and financial freedom.