News

Market Predictions Expected for 2018

By Mikki Birnbaum

Mortgage rates are expected to keep rising

Financial markets predict the Reserve Bank will lift the official cash rate off the record low 1.5 per cent level late in 2018, which would have a measurable impact on household mortgage payments. But even if that doesn’t happen, borrowers should prepare themselves for higher mortgage rates.

Whether the Reserve Bank does find a way to raise interest rates in 2018 or not, one thing is clear – mortgage rates are unlikely to decrease in the near future.

Property prices will continue to cool

Sydney property prices have begun to slip after several years of double-digit percentage price gains – experts predict these trends will continue in 2018.

Weaker auction results point toward further slowing as we move into 2018. Importantly, there is still nothing to suggest to us that prices are going to enter widespread declines.

First-home buyers will make a comeback

With investors taking a step back, first-home buyers will find more opportunities in 2018. The deposit burden for first-home buyers continues to rise, and more people require assistance getting the deposit together.

But once they are in the market, low interest rates mean that repayments are affordable, and the interest bill has been falling.

Up to Date

Latest News

  • Renovating Investment Homes vs. Forever Homes

    A concept is like a theme, a feeling, a look, a style. When selecting one for your renovation, choose what you connect with – choose a style that you love, and you’ll always love it. Investment home vs forever home: Identify your market: When it comes to investment properties, … Read more

    Read Full Post

  • Whats the benefit of having more green in our home!?

    Why we should all have more plants in our life & our home!? As more of us live the urban life, greening up has become a vital wellbeing issue. Think about it: from the house to the car to the office and back again, how much nature did you get … Read more

    Read Full Post