1 / 2

Property Market sees Influx of Young, Savvy Buyers

While the end of the first-home buyer

guest103438
Download Presentation

Property Market sees Influx of Young, Savvy Buyers

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript


  1. Propertymarketseesinfluxofyoung,savvybuyers While the endofthefirst-home buyer’s grantwas expectedtodampenthemarket’s appetite for new property,ithasinfactcreated arangeofnewandcreative buying trendsamongstyoungerAustralians. GoldCoast,QLD,May 08,2014 -Whiletheendof thefirst-homebuyer’s grant wasexpected todampen themarket’sappetitefornew property,it hasinfactcreatedarangeofnewand creativebuying trendsamongst youngerAustralians. Thesetrendsinclude‘propertyshares’and‘guarantor’ssupport’,howeverthemost widelyused strategyhasbecomeborrowing tobuyafirst propertyandremaining asaninvestorratherthan anowner-occupier. MembersAlliance CEODavidDomingosaysthesecreative strategieshavemadeit possibleformorefirst-homebuyers toenterthepropertymarketthaneverbefore. “First-homebuyersarenowresearching tofindhighgrowthsuburbsand opting tobuyrentalapartmentsorhouseswhileliving athomeorrentingadifferentproperty,”saysMrDomingo. “Trendsareshowing thepreferred choiceisnewhousing stocksuchasdetached housesorinner- cityapartmentswithaffordabilityasamajorfactor. “The simplefactisthatGenY arepreparingnowfor when theyeventuallymoveout ofhome,and it’screating pent up demandforaffordable,low-maintenancedwellingsthatfit thisnewcriteria.” Thelatest datafrom theAustralianBureauofStatistics(ABS) confirmsfirst-homeloansasaproportionofall owner-occupierfinancecommitmentsareatarecord low. MrDomingosaysanRP Datareport ofsales throughout 2013show39.4percent ofcapital cityunit salesand 27.1percent ofcapital cityhousesaleswerebelow$400,000–showing affordable opportunitiesforfirst-homebuyersarestill out there. “Therewasunprecedented hypearound GenY unabletoenterthepropertymarket when thefirst-homebuyersgrant forestablishedhomesended,but thathassincedied down withreportsofyoung buyersnow preferring toenterthepropertymarketasinvestors,”saysMrDomingo. “2014first-homebuyeractivityisgrowingwith peopleaged between25-35 whoarenow thinkingcreativelyintermsofhow theywill enterthepropertymarket and buytheirfirst property. “It’samatterof thebuyeradapting totheever-changing market and finding awayinthat willbenefitthemfinanciallyinthelong run,ratherthanbuying ahometo liveinpurely based on emotion.” MembersAllianceisa privatelyownedfinancial conglomerate,specialising infinancialplanningand financialservices,providing clientswith provenstrategiesand techniquestoensureafinanciallysecurefuture. Formoreinformationvisit www.membersalliance.com.au.For all mediarequirementscontact BruceNelsonon0423403449.

  2. Contact: BruceNelson ZakazukhaMarketingCommunications 3EdenCourt Nerang, Queensland 4220 +61755966634 bruce@zakazukha.comhttp://www.zakazukha.com ###

More Related