No rest for first home buyers this long weekend
FHBA Weekend Preview: 10 – 11 June 2017
Typically long weekends mean a quiet time for the property market. With most states having a long weekend for the Queens Birthday public holiday on Monday the number of open homes and auctions scheduled is lower than most weekends as you would expect. However, according to CoreLogic, there are still more auctions scheduled around the country this weekend than most June long weekends in previous years, including over 500 auctions scheduled for Sydney alone (and Sydney’s Saturday weather forecast is wet and rainy as well!).
So what does this mean? Well if you are an active first home buyer in the market it should mean no rest for you! This weekend is a good opportunity to get out there, inspect open homes and observe auctions to see how many active buyers are around in your area.
In other news this week, the Reserve Bank of Australia (RBA), as widely tipped by property experts, kept the cash rate on hold at a record low 1.50%. You can learn more about RBA’s decision, including their thoughts on the Aussie residential property market, in FHBA News.
Want to know more about this weekend’s auction activity? Visit the CoreLogic blog.
Good luck to all first home buyers this weekend!
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You should get a no obligation home loan pre-approval! A loan pre-approval provides you written guidance of how much a particular bank is willing to lend to you. A loan pre-approval comes with no obligations to proceed, leaving you in control and importantly, attending open homes knowing what your borrowing capacity and budget is.
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