The best time to Buy or Sell your property is when you are ready.
After a quiet December and January, Canberra is set to taking up the sale for February and upcoming months in 2019.
If you are thinking of Selling your property, February is the best start to put it on the market as most of the buyers who did not make it in 2018 and missed out on a Property are eagerly waiting to buy.
Many of us are back from the Christmas, New year holidays and long weekend break are back in the game and researching aggressively.
We also find that many Aussie expats family are returned to Canberra and want to buy their dream home. So, If you or someone you know would like to take advantage of this autumn, your home will be on the market with less competition which means there will be more opportunities for you to attract more buyers.
Domain report reveals, Last year Auction clearance rates experienced below 50 per cent and December’s clearance rate of 44 per cent was a five-year low for the market. But The overall clearance rate for houses in 2018 was 62 per cent, with units at 49 per cent.
The Canberra Housing market has been one of the most solid performers in terms of Capital gains and rental yield and market activity in recent years. As per Domain data, Canberra is most expensive city to rent a property as rent has been surpassed Sydney to become the highest in the nations (Allhomes)
If you are first home buyer stuck paying high rent and feeling the pressure from the rental rates now and then. We can help !
Canberra is still a good market for Seller and Buyer. If you are a Seller, It is a peak market as Canberra property market always been on a steady growth unlike Sydney and Melbourne.
For the buyers and investors, this will be an opportunity as Canberra is changing and there will be lots more opportunities in near future. its changing due to loads of infrastructure development around the city and prices are still reasonable for First home buyers who is trying to get into the property market. For investor, I think apartment would be the best investment due to the skyrocketing rental prices in major locations in Canberra.
We need to consider that there is difference between buying an apartment and house.
- If you are buying a house, you will have a decent land with fair bit of extra land for your kids to play and also House might have reasonable capital growth on the long run compared to apartment but past results shows, Canberra Property Market always has been on a steady growth unlike other major capital cities.
- Apartment will be the best option for first home buyers, it is an opportunity to getting your foot on the market as apartments are reasonably cheaper than house.
- If you are an savvy investor looking for cash flow, Apartment would be an better option as recent report shows, Canberra rental market is most expensive city to live due to skyrocketing rent in major locations in Canberra. and also in apartment, you might not get reasonable capital growth but you will be getting better return on you investment interns of Cash flow as expert says ” Cash is King”.
When i was in Sydney, I got asked by many investors looking for a property that can easily pay off their mortgage. Good news, It is possible in Canberra due to high rental yield upto 7% in major locations.
As property prices in major capital city is dropping and Canberra is still the best market if you thinking of buying, selling or Investing just because it is a growing market.
The prices has dropped in major cities like Sydney and Melbourne due to many reason like APRA intervention and Lending policies, restrictions on Foreign buyers and Surcharge on stamp duty for foreign buyers. But if you are an foreign buyer looking for property in Canberra there is “No surcharge on stamp duty”
Most of the FH buyers and Investors are scared due to interest charges might go up in 2019 but still realising their need of buying a home due to skyrocketing rent in Canberra and fear of mission out on a property.
So, People Buy,Sell or Invest on a property realising their own need, situations and circumstances. If you or someone you know thinking of Buying, Selling or Investing. Please book an appointment or give us a call @ 0452 646 746.
We are here to help !!!