Peter Rogozik Property Consulting: Your Buyers Advocate - Connecting People and Property |
|
Search Your Buyers Advocate |
Your Buyers Advocate NewsMarket Snapshot - April 2009Despite all the negative sentiment in the media over the previous 6 months the Melbourne property market has weathered the storm reasonably well. The upper end of the market i.e. 1 million plus properties, have been most affected by the international financial crisis. In this segment of the market prices have reduced by around 10% from last year. Recent sales have indicated that quality properties at the lower end of the market have held their value and continue to be highly sought after by buyers. The economic downturn and resulted lose of confidence by consumers has led to many potential sellers delaying the disposal of their property where possible. This reduction in supply has contributed to prices remaining stable. The current economic climate provides a great opportunity for buyers with job security to enter the market. There is no doubt we are at the bottom of the cycle. First home buyers are in a particularly advantageous position with record low interest rates and substantial government rebates.
Related Pages:No related articles |
| © Copyright 2001 - 2010 Peter Rogozik Property Consulting | |
| PO Box 278 World Trade Centre Vic 8005 Tel: +61 3 9689 9080 Fax: +61 3 9689 2560 | Website created by: Digital Evolution |