Upgrading To Be Strong In 2010
The Adviser has reported that information gathered by LJ Hooker and BIS Shrapnel Residential Property Index in December 2009 indicated that 38% of all real estate activity was due to customers seeking property upgrades. As First Home Buyers activity winds down this year, we expect that upgraders and new investors will fill the demand in the marketplace .
They seem to be re-entering most major capital cities, purchasing middle to high end real estate property. This data paired with the strong growth patterns that seem to emerging early indicate that 2010 will be a good year for people to consider that long awaited or needed upgrade into something new. Simon Reibelt from Oasis Home Loans Northern Beaches said that anyone who ever was considering a move into a larger or more appointed property should consider future interest rate rises over then next year and move to secure that dream house.