I was excited to be the guest speaker at the recent ANZ Frankston Home Buyers Information Night – held in August, 2019. Property is my passion and I feel it’s my purpose to help other’s build wealth through smart property decisions. I want them to learn from my years in this ever-changing property industry – that includes the ups and the downs!
The theme of the evening was ‘First Home Buyers’ and the ANZ Frankston office invited people whom are keen to get into the property market, some for the very first time – a good opportunity to learn more about the process. Alongside myself, there were ANZ First Home Coaches available to talk through the finer details of applying for a home loan.
I thought I’d cover off a few highlights from my talk, see if you get some insights from it:
WHY INVEST NOW?
The current Melbourne market
Source: Domain House Price Report – June 2019
Things to note:
- Money is cheap
- Growth is expected
- Property is still affordable
- Market conditions beginning to improve
National Housing Market Conditions
– Past 25 years
Source: Aussie.com
May 2019 median house prices according to Real Estate.Com
Houses – $535,214
Units – $481,446
Source
Australian Market
– The next 25 years
- Estimated median house values – HUGE!
Source: Aussie.com
CLEARANCE RATES
August 2019
The month of August saw buyer confidence increase across Melbourne. A stronger round of clearance rates showcasing that prices appear to be slowly on the increase. On the ground, there are more people attending open homes and auctions. Positive market change seems to be the theme across August.
Source: Real Estate View
Need a Guest Speaker at your next property event? Let’s chat!
Thanks for keeping up to date on What’s Happening – speak soon!
Jerry Y