Making the Most of 2017
To say 2016 was a year of surprises is an understatement, but that doesn't mean we can't predict what 2017 can bring, especially in the world of real estate.
Though it seems the whole world was in chaos last year, the fundamentals driving the property market (employment levels, interest, and population growth) mostly stayed stable. The market and its record-low interest rates currently favours buyers, but Brisbane's price growth has remained steady and sellers can also capitalise on the markets increased buying powers.
We predict there'll be five major trends affecting the market in 2017, and here we'll give you the inside word on how to turn this to your advantage.
Melbourne, Sydney and Brisbane have all had many new apartment complexes built in the past 18 months, especially in the inner city, which can lead to oversupply. To avoid losing out with a flooded market, it's better to purchase in the suburbs, such as those offered by our New Apartments and Land
Renters on the Rise
Unlike with previous generations, the economy simply doesn't allow Gen Y to have the same buying power as their parents. As such, renting into your thirties is a far more common. This means those looking to invest can be well-served by renting out an investment property in a good location, and you can have an appraisal
of any property you own with our Rentals department.
Everybody Needs Good Neighbours
With such a rapid expansion in the nation's cities, suburbs become an increasingly attractive option to a lot of buyers. As such, more and more landowners are joining up with their neighbours to sell their properties together as one big block. This can be a complicated procedure though, and it's a good idea to consult our Selling Guide
before starting out.
Sharing is Daring
We live in a digital world, and move to the beat of each other. As services like AirBnB and Uber take more and more of the market without holding any physical assets themselves, in 2017 it's important to embrace the opportunities they present to advertise your properties, and understand how they can save you money. You can see examples of how we market ourselves, and develop our digital community with our official Facebook and Instagram pages.
Spare Some Change?
There's no denying it; buying or selling a house is expensive. Meeting the cost of such a big change is always a difficult time, but it doesn't have to be overwhelming. Though the expenses of real estate (such as stamp duty and State taxes) continue to rise, you can still prepare yourself for the best outcome, especially if you consult with experts like Andrew Crowther and Jane Ren in our Finance department.
All told, 2017 will undoubtedly be a big year. But with the right tools and preparation, you can know you've done all you can to make it the best year it can be.
Also, if you have a free, no obligation appraisal with us before March 31st, you could win a $15,000 holiday!
Book online or call us today on 3344 0288