Is now the time to sell your home?
𝗛𝗼𝘂𝘀𝗲 𝗽𝗿𝗶𝗰𝗲𝘀 𝗲𝘅𝗵𝗶𝗯𝗶𝘁𝗲𝗱 𝗮 𝗺𝗼𝗱𝗲𝘀𝘁 𝘂𝗽𝘁𝗶𝗰𝗸 𝗼𝘃𝗲𝗿 𝘁𝗵𝗲 𝗽𝗮𝘀𝘁 𝘆𝗲𝗮𝗿, with both residential properties and units in Melbourne experiencing marginal appreciation in values during March.
The persistent rental affordability crisis is fostering a growing inclination among renters to contemplate the transition to homeownership, influenced by the arduous conditions prevailing in the rental market. First-time homebuyers are increasingly adopting a nuanced perspective, acknowledging that their initial property acquisition may not serve as their permanent abode. 𝗠𝗮𝗻𝘆 𝗮𝗿𝗲 𝘀𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰𝗮𝗹𝗹𝘆 𝗰𝗼𝗻𝘀𝗶𝗱𝗲𝗿𝗶𝗻𝗴 𝘁𝗵𝗲 𝗽𝘂𝗿𝗰𝗵𝗮𝘀𝗲 𝗼𝗳 𝘁𝗵𝗲𝗶𝗿 𝗶𝗻𝗮𝘂𝗴𝘂𝗿𝗮𝗹 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗮𝘀 𝗮 𝘀𝗵𝗼𝗿𝘁-𝘁𝗲𝗿𝗺 𝗿𝗲𝘀𝗶𝗱𝗲𝗻𝗰𝗲, 𝘄𝗶𝘁𝗵 𝗶𝗻𝘁𝗲𝗻𝘁𝗶𝗼𝗻𝘀 𝘁𝗼 𝘀𝘂𝗯𝘀𝗲𝗾𝘂𝗲𝗻𝘁𝗹𝘆 𝗰𝗼𝗻𝘃𝗲𝗿𝘁 𝗶𝘁 𝗶𝗻𝘁𝗼 𝗮𝗻 𝗶𝗻𝘃𝗲𝘀𝘁𝗺𝗲𝗻𝘁 𝗮𝘀𝘀𝗲𝘁 𝘄𝗵𝗶𝗹𝗲 𝘀𝗶𝗺𝘂𝗹𝘁𝗮𝗻𝗲𝗼𝘂𝘀𝗹𝘆 𝗮𝗰𝗾𝘂𝗶𝗿𝗶𝗻𝗴 𝗮𝗻𝗼𝘁𝗵𝗲𝗿 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆.
The period since May 2022 has witnessed an escalation in interest rates, precipitating a notable surge in the proportion of mortgage holders grappling with financial strain. Should there be a resurgence in inflation in the forthcoming months, precipitating further escalations in interest rates in 2024, levels of mortgage distress are anticipated to attain unprecedented peaks. Consequently, a subset of homeowners may contemplate selling their properties.
𝗦𝗵𝗼𝘂𝗹𝗱 𝘆𝗼𝘂 𝘀𝗲𝗲𝗸 𝗳𝘂𝗿𝘁𝗵𝗲𝗿 𝗶𝗻𝘀𝗶𝗴𝗵𝘁𝘀 𝗶𝗻𝘁𝗼 𝗻𝗮𝘃𝗶𝗴𝗮𝘁𝗶𝗻𝗴 𝘁𝗵𝗲 𝗶𝗻𝘁𝗿𝗶𝗰𝗮𝗰𝗶𝗲𝘀 𝗼𝗳 𝘁𝗵𝗲 𝗿𝗲𝗮𝗹 𝗲𝘀𝘁𝗮𝘁𝗲 𝗺𝗮𝗿𝗸𝗲𝘁 𝗼𝗿 𝗱𝗲𝘁𝗲𝗿𝗺𝗶𝗻𝗶𝗻𝗴 𝗼𝗽𝘁𝗶𝗺𝗮𝗹 𝘁𝗶𝗺𝗶𝗻𝗴 𝗳𝗼𝗿 𝗽𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝘀𝗲𝗹𝗹𝗶𝗻𝗴, please do not hesitate to reach out to me at 0480101966. I am poised to provide comprehensive assistance tailored to your needs and objectives.
𝗦𝗮𝗺'𝘀 𝗣𝗿𝗼𝗽𝗲𝗿𝘁𝘆 𝗕𝘂𝘇𝘇
Sam Weerawarna | 0480 101 966
Director / Licensed Estate Agent
