At a local level we are seeing massive buyer numbers, with First Home Buyers leading the pack.
This return of confidence is due to several factors including:
- 10,000 new places opening up in the First Home Loan Deposit Scheme from July 1, 2020.
- Record low interest rates.
- The release of the Governments Home Builder Scheme.
- Easing of restrictions allowing the economy to begin re-opening.
- It’s currently cheaper to buy then rent.