06 Aug Downsizing – should I stay, or should I go?
That is the question.
If you have been holding off selling and waiting for the property market to improve, the most recent news may be encouraging.
Word on the street is that things are looking up and there has already been an improvement in the property market with homes now selling and auction clearance rates rising. This may be happening for a few of the following reasons:
1. The outcome of the federal election has been revealed, and the fear about changes to negative gearing and capital gains tax that may have caused buyers to hold back has been removed.
2. The APRA (Australian Prudential Regulation Authority) has relaxed the assessment rate for home loans. This effectively means homeowners could borrow more money, which industry figures are describing as the biggest development for the property market “in at least four years”.
3. The interest rates are now at record lows
You may have a bit of work to do to prepare for sale, however, remembering to create a schedule and take small steps every day will see you move through the process in the right manner. The idea is to keep stress levels at a minimum and ask for support!
If you have questions or would like to know more information, contact us here.