If you're thinking about making your first home purchase, then now may be a good time to act according to a new survey released by Registered Australian Mortgage Security (RAMS).
The RAMS First Home Buyers' Pulse Check Survey found that three in four first home buyers feel now is a good time to buy as it's a "buyer's market".
Almost a third (32 per cent) of respondents said that low interest rates strongly influenced their decision to look for their first property, considerably more than the 21 per cent from 2012.
RAMS Chief Executive Melos Sulicich said that when the Pulse Check Survey was first introduced in 2009, almost seven in 10 said they had been influenced to enter the market by recent interest rate cuts.
"First home buyer incentives also attracted new buyers into the market, which in turn helped keep the property market strong, despite the comparatively weak economy immediately following the GFC," Mr Sulicich said in a August 23 media release.
"Today's results show more than 75 per cent [of] respondents believe now is a great time to buy with the majority of respondents increasingly motivated to enter the property market to stop paying rent, take advantage of the current low fixed and variable interest rates."
If you have your eye on real estate in Carnegie, get in touch with Matthew Hurlston of Ray White Carnegie to begin your search for your ideal first home.
Article Source: Click here By knowing when certain varieties thrive, you can get the most out of your garden. Photo: Pauline Morrissey Timing is everything in the garden. Some flowers, like sweet peas and tulips, need to be planted in autumn to bloom in spring, while others, such as roses … Read more
Article Source: Click Here The hybrid work model has become the dominant trend with many companies allowing employees to work from home part-time while coming into the office on designated days. This new structure requires employees to stay productive in different environments, and finding the right balance between home and … Read more