Is Now a Good Time to Buy Property
Fisk & Nagle | 22nd February, 2012
Like most people, you’re probably confused by the daily bombardment of mixed messages about the state of the property market. Are you finding it difficult to make sense of the conflicting information? Well don’t. The market is going through a transition period where some properties will remain stagnant, others will rise and some will fall.
There are no apparent signs of home sellers so desperate to sell that they would give away their properties at a 30% discount, which would then trigger a collapse in the housing market. In Australia there are less than 1% of mortgages in arrears, which is considered low by international standards.
We are also currently seeing signs that the market is beginning to stabilise after the slowdown we experienced during the past twelve months.
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