Revealed: suburbs where property values are declining
FHBA Weekend Preview: 26 – 27 August 2017
In today’s edition of FHBA Weekend Preview we take a look at where property prices are falling, why first home buyers love Liverpool, our five favourite new properties for first home buyers this weekend, a review of the top first home stories this week, the home loan deal of the week and a preview of this weekends auctions.
Property is often a talking point at weekend picnics, BBQ’s and other family gatherings. It is something most Australians have some form of opinion on. And most of us can probably think of at least one person who goes around saying “property always goes up”.
But is this true?
Of course not. Property is an asset that is driven by market demand and supply, which means it can increase and decrease in value. While some cities have seen plenty of growth lately (e.g. Melbourne, Sydney), others have seen falls in recent times (e.g. Perth). It can be hard to accurately predict property prices as there is such a large range of factors (which are constantly changing) to consider.
Even within cities there are some suburbs that perform differently to others. This month real estate website ‘realestateVIEW’ listed some suburbs in every single state that have been falling in value. View this realestateVIEW report here.
As we often say at FHBA it is hard to accurately predict what property prices will do. Be patient and manage your finances (something you can control). And get some finance and property experts on your side who can help you!
In the property market this weekend for a new or established home? Get in touch with an FHBA Coach today and learn how we can help you.
Want to know more about this weekend’s auction activity? See the CoreLogic blog.
Good luck to all first home buyers this weekend!
First home buyer homes of the week: edition 68
These are our favourite 5 new properties for first home buyers looking for First Home Owner Grant eligible homes, this week. These properties are also eligible for the exclusive FHBA 50 Rebate! Which one is your favourite?
Open homes and auction weather
See what the weather will be like in your area before you attend open homes and auctions!
New hotspot in focus: Liverpool (NSW)
Every fortnight we take a closer look at an area in Australia that is popular with first home buyers. Our current hotspot in focus is Liverpool in New South Wales:
- Liverpool is located 32km south west of Sydney CBD (& 12km south of Parramatta)
- Liverpool is one of only a handful of regions in Sydney still considered ‘affordable’
- Liverpool has good public transport to employment hubs right across Sydney and will only benefit from Badgerys Creek international airport being built not too far away
- The Liverpool town centre is currently going through substantial renewal, the magnitude of which you can gather from the NSW government picture below
House hunt with confidence
Planning on going house hunting soon but don’t know whether a bank will lend you enough funds to buy your first home yet?
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.
Search FHOG eligible homes from your couch
Are you in the market for a newly built property? This could be a house & land package, a townhouse or a newly constructed apartment. Search our new look ‘new homes’ portal this weekend to see hundreds of Grant eligible properties suitable for first home buyers!
Friday News Review
FridayNewsReview A new political party that wants negative gearing to end, more gen y’s leaning on Mum and Dad for help, plus more:
Home loan deal of the week
For hot home loan deals for your first home get in touch with us today!
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First Home Buyers Australia
Wondering whether you have saved enough to form a deposit? Try the revamped FHBA Eligibility Estimator for free!