Market Update 28/07/2020
If you’re living in Victoria right now, you're probably aware that there is a second wave of lockdown. Which is a massive pain the arse, we know!
But, it doesn’t mean that the market is stuffed, it doesn’t mean anything of the sort.
Melbourne:
Markets are going steadily and hasn’t dropped in an overall perspective in anyway shape or form...
Brisbane:
Different story. Since the $25k home owner grant, the land sales prices are going off!
Land sales are tripling in volumes! What this means is there is higher demand, which drives up prices
Good thing: as investors, if you’re already in the market then it’s going to help peddle the market.
Bad thing: if you wait six months, the prices will be much higher than today.
This presents an opportunity for those who are thinking about getting into the market to take advantage of:
- Increasing land sales
- Great interest rates
- Our foolproof guarantee
If you don't want to miss out, it could be as simple as dropping Anthony a message today, either on Facebook or 0411 885 152
It's only crazy until you do it.
So, what happened 7/8 years ago in Melbourne and Sydney?
As momentum took hold in those markets, the land sales volumes were increasing enormously and it became difficult to find good quality land, at a reasonable price.
On the plus side, if you got into the market, then you saw rapid growth in the following years.
E.g. Craigieburn, 25km north of Melbourne, land and house package for $400k, on a 400sqm block with a 200sqm house.
Today they're worth $650-700k!
There are positives and negatives to what is happening out there at the moment, and it’s up to you to choose which perspective you want to take.
If there is anything we can help you with, by all means let us know and we are happy to help you out.
Have a great day!