Property news w/c 4 March 2019
It is increasingly becoming more difficult to find positive information in property right now. We have tried to sift through to grab some good headlines in property this week. Let’s start with regions, because it is important to note that not every region in Australia is suffering.
You might even think that there is a blanket decline on units, but even this is not the case
Despite the news reporting oversupplies, extended time on market and the like, there are winners in this current environment.
Let’s not forget that it is a great time to buy. From The winners from Australia's property market slump:
"My hunch is it's a pretty good time to buy," said Stephen Koukoulas, the managing director of Market Economics Pty and a former adviser to ex-Prime Minister Julia Gillard.
"If you've got a secure job, a deposit and financing, then affordability is pretty favourable."
We also penned this piece this week to explain what a great time it is to enter the property market via off-the-plan units.
Now on to the negative news:
Here’s to a positive March. Have a great week everyone!