The Year Ahead
Cityscape catches up with Harcourt's real estate guru Mary Turnbull on the current market situation and her predictions for the rest of the year.
I’m often asked ‘when is the best time to buy?’, with many clients eager to get the timing right and trying to anticipate the housing market. I always reply: ‘When you find your dream house and you can afford it’. However that being said, 2016 is definitely shaping up to be a strong buyers’ market, with all signs pointing to a stable year with no surprises on the horizon. And with some of the lowest fixed interest rates we’ve seen in years – and the strong possibility of further drops to come – combined with a stabilised property market and a growing number of properties available, it’s an excellent time for first homeowners to enter the market and for investors to add to their property portfolio.
It’s generally indicators like this that convince first...