If you have been waiting for the perfect time to make your move on Oakleigh real estate then it could pay off to buy sooner rather than later, if new figures are to be believed.
The RP Data – Rismark Home Values Index for April shows price growth is slowing across the country – and Melbourne is no exception.
Property values in the Victorian capital declined 0.5 per cent over the course of the month, therefore making homes in the local area more affordable.
RP Data's Tim Lawless indicated that Melbourne had previously seen capital gains of 16.4 per cent, so these latest statistics "may now signal that these markets are moving through their growth cycle peak".
He noted that several more months of data will need to be seen before this trend can be confirmed, but at present it appears that the market is working in the favour of buyers.
With the cash rate currently at an all-time low of 2.5 per cent, purchasers have even more incentive to make their first steps onto the property ladder.
Got your sights set on Oakleigh real estate? Get in touch with Matt Hurlston at Ray White Carnegie for help with your new investment.
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