Would you trust these property price forecasts?
FHBA Weekend Preview: 19 – 20 August 2017
In today’s edition of FHBA Weekend Preview we take a look at a range of predictions for property prices, the latest hotspot for first home buyers, 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.
Which of the following experts do you think would be fairly accurate at predicting property prices?
- AMP Capital ‘Chief Economist’
- BIS Oxford Economics ‘Managing Director’
- Compass Economics ‘Chief Economist’
- Domain Group ‘Chief Economist’
- Market Economics ‘Managing Director’
They sound pretty similar right? This month they were interviewed by Domain about what they thought would happen to Melbourne and Sydney property prices over the next 12 months. They varied by a significant amount.
So you can you trust these experts?
Well, experts do have easy access to plenty of data that the public just can’t find so easily. They also have an ability to analyse and interpret that data better than the majority of the public. So why do there predictions vary so much?
Well, there are a few reasons, but a good starting point is that you must understand that the property market is very large and diverse, and, there are many factors that influence property prices. It is impossible to consider all the factors, accurately, all at once.
It is good to consider the opinions of experts, but unfortunately they don’t always get it right. When buying your first home you should consider your budget, your immediate requirements, your future goals and get some external advice to help you make an informed decision.
Not sure where to start? Our friendly FHBA Coaches can guide you through the whole process of buying your first home. Book a free Discovery Session today to find out more.
For those out and about this weekend here is the CoreLogic preview of auction activity around the country:
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 67
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. This week we picked our latest hotspot, 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 across Sydney and will only benefit from Badgerys Creek airport being built not to far away
- The Liverpool town centre is currently going through lots of 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 Tim Gurner stands by his smashed avocado comments he made on 60 Minutes Australia 3 months ago. This & more below:
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!