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First Home Buyer: What makes 2020 a good year?

✓ $10,000* grant under First Home Owner’s Grant
✓ $25,000* HomeBuilder Grant
✓ Deposit as low as 5%*
✓ Stamp Duty Fees Concessions

*T&Cs Applies.

2020 has been a tumultuous year, to say the least, and some would argued that it presents a unique opportunity in the property market.

In the recent 2020 PIPA Property Investor Sentiment Survey that gathered insights from nearly 1,100 property investors in August, two-thirds of investors believe now is a good time to invest in residential property. On top of that, 77% of investors agree that any potential falling of house prices will not cause them to put their investment plans on hold. The key finding is that majority who participated in this survey remain optimistic about the months ahead.

Record-low interest rates and First Home Buyer Incentives
Interest rates has been historically low for some time and it would appear that home loans in Australia are possibly the cheapest they have ever been. With various first home buyer incentives such as $10,000 first home owner’s grant, $25,000 HomeBuilder Grant and new stamp duty exemptions, it is pretty clear that the earliest buyers will benefit most as soon as they can afford to.

So… is 2020 a good year to buy property?
There is no good time or bad time to buy a home. Everyone’s circumstances are different, so there is no one-size-fits-all approach. It depends on your own goals, budget and circumstances. If your income is steady and you have a deposit and is able to commit to a housing loan; with low mortgage rates and no stamp duties*, 2020 could be the best buying opportunity of a lifetime.

Do research, get out there and see what’s available. Be confident about your finances before making a big purchasing decision. If you are looking to add to your property portfolio or keen to buy your first home and break into the market, get in touch today. I am here to help you find a loan from more than 30 lenders in the market, that is just right for you.

Disclaimer: The content of this article is general in nature and is presented for informative purposes. It is not intended to constitute tax or financial advice, whether general or personal nor is it intended to imply any recommendation or opinion about a financial product. It does not take into consideration your personal situation and may not be relevant to circumstances. Before taking any action, consider your own particular circumstances and seek professional advice. This content is protected by copyright laws and various other intellectual property laws. It is not to be modified, reproduced or republished without prior written consent.

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