What will the first weekend of Autumn bring?
FHBA Weekend Preview: 4- 5 March 2017
WELCOME to the first FHBA Weekend Preview for Autumn 2017. As we reported in our weekly FHBA Market Update earlier this week, most property markets around the country performed strongly in February, with investor activity continuing to be strong. Our fingers are crossed that Autumn will present better buying opportunities for first home buyers.
According to CoreLogic there are 2,558 auctions scheduled this weekend, which is down from last week’s busy weekend, but up on the equivalent weekend in 2016 . Here is a summary of the capital city auction activity for this weekend:
- Melbourne- 1,302
- Sydney – 858
- Brisbane- 141
- Adelaide- 112
- Canberra – 104
- Perth – 35
The RBA meets for just the second time in 2017 next Tuesday and will meet a total of 3 times across Autumn. Will this make buyers cautious this weekend? We don’t have a crystal ball, unfortunately, but we will be sure to give you the weekend results in our FHBA Market Update on Monday and update you on the RBA decision on Tuesday.
Want to know more about this weekend’s auction activity? Visit the CoreLogic blog.
Good luck to all first home buyers this weekend.
First home buyer homes of the week – Ed 44
With Autumn starting this week we decided to dedicate this week’s edition of FHBA New Homes of the Week (edition 44) to an Autumn related theme, beautiful gardens & bushland. Autumn is a popular time of the year and when many Australian native plants flourish. All 5 first home buyer homes selected are located close to bushland, giving you that feeling of big open, green space and freedom. And of course, as with this segment, all 5 first home buyer homes are eligible for the First Home Owners Grant!
- Take a look for yourself! FHBA New Homes of the Week – Edition 44
- To search through more first home buyer homes visit FHBA New Homes
Friday News Review
These are the top stories that affected first home buyers across Australia this week:
First home owners in regional Victoria are set to gain after a Victorian Government decision to double the grant to $20,000.
Planning on going house hunting but don’t know whether a bank will lend you enough funds to buy your first home yet? You should get a no obligation loan pre-approval.
A loan pre-approval provides you with a written guidance of how much a particular bank is willing to lend to you. Loan pre-approvals come 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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