5 Reasons why 2021 is a great year to buy property
Prospective buyers can negotiate strongly because it is a buyer’s market.
The flat interest rate and July rate cut has contributed to low borrowing costs and favourable mortgage lending conditions.
Price growth has barley kept track with inflation and will likely remain flat for some time, this means that buyers can find a property at “last years price”. Property generally appreciates in value, which means you can always start small and renovate to suit your needs.
Investing into property brings a lot of pro’s to the owner, you can rent out a room or the property which means the tenants help you pay off your bond. In the long run you will have a return on your investment.
Sellers who have been holding onto their property may be ready to sell now. Some owners need a cash flow in their business and the rather sell one of the properties to make sure their is money in the business.