New research has found housing affordability is at its best since 2016, with some cities faring better than others.
The ANZ-CoreLogic Housing Affordability Report found that now is a prime time for first home buyers, thanks to a drop in house prices coupled with consistently growing household incomes in many areas of Australia.
While Sydney, Melbourne and Hobart remain slightly elusive to many, other capital cities especially Brisbane, are ripe for the picking – or investing.
So, where should you start looking for your first home or next investment?
Is now a good time to buy an investment property or first home?
With this killer combo of housing affordability and the official cash rate at a record low of 1.25%. Now could be a perfect time to enter the market. With Investment and owner-occupier loans under the 4% mark, now is a great time. Adding to that Resimac today announced it is discounting up to 0.50 per cent p.a. from selected Resimac Specialist interest rates. Cutting a further 50 per cent off many selected Resimac Prime Alt Doc risk fees. Additionally also waiving the first year’s annual fee of $299 on Resimac Prime Flex Full Doc home loans.
Message us and we’ll be in touch for an informal chat about your options.
ANZ CoreLogic Housing Affordability Report, June 2019
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