Home loan schemes aside, what about the market?
The availability of properties for buyers is an important factor to consider in the property market. Recently, SQM Research reported a 9% decrease in national residential property listings in April, indicating a hesitancy among potential sellers. This decrease was particularly significant in Sydney, which saw a 13% decline, while Melbourne, Brisbane, and Adelaide also experienced declines. It is essential to research the local market to understand the availability of properties for purchase. If there are fewer listings in your desired area and high demand, you may end up paying more for a property. It is also important to compare home loans to find one with a good interest rate and suitable features. Conducting local property reports, monitoring recent listings, attending open houses and auctions, and comparing home loans are all crucial steps in making informed decisions in the property market.
The information provided is general information only and has been prepared without taking into account your objectives, financial situation or needs. We recommend that you consider whether it is appropriate for your circumstances. Your full financial situation will need to be reviewed prior to acceptance of any offer or product. This article does not constitute legal, tax or financial advice and you should always seek professional advice in relation to your individual circumstances. Subject to lenders terms and conditions, fees and charges and eligibility criteria apply.