Make your property resolutions a New Year’s reality
With the page turning on 2020, now might be the time you’re reassessing your living arrangements and looking to make a property shift. It could also be the opportunity to reconsider your real estate goals, by taking charge of your mortgage or buying an investment.
Whatever your property resolutions may be, here are or top tips on making them a New Year’s reality.
Buying that first home
With interest rates at an all-time low and lending restrictions relaxing there’s never been a better time to start the property journey with your first home.
In addition, the federal and state governments are offering a raft of incentives to first time buyers that together make it even easier to dip your toe into the market.
Meanwhile, increased competition in the first home buyer market means that prices could potentially rise for entrance level properties, so now’s the time to really look at getting into the market before it becomes beyond your reach.
Downsizing or upsizing
Your property should suit your stage of life and 2021 offers the perfect time to re-evaluate whether it continues to meet your needs.
The new year is tipped to see many people examine just that and also embrace the trends that emerged in 2020 like remote working and lifestyle.
If you’re considering upsizing or downsizing, now’s a great opportunity to speak with an agent about what your current home might be worth, and the properties they have available.
Buying an investment
We haven’t heard much from investors in 2020, but that looks set to change in 2021. This sector of the market is expected to heat up as investors seek new opportunities in regions that might be a little further afield.
If you’re considering investing in the year ahead, now’s the time to start your research and talk to a trusted agent regarding what areas are tipped to prove popular.
Taking charge of your mortgage
Let’s be honest, 2020 saw many of us in limbo when it came to what the financial future might deliver. But Australia’s economy is proving resilient, along with the property market, and things like record low interest rates have played a huge role.
That makes now the time to re-examine your mortgage. A host of lenders are offering incredibly low fixed and variable rates that could allow you to shave years off your mortgage.
It’s a good opportunity to shop around, find the right mortgage deal and set yourself up for the future.
Top tips for turning resolutions into a reality
- Get crystal clear on your goal
- Define your budget
- Look at any incentives available to you
- Create a manageable savings plan
- Compare mortgages
- Talk to a lender
- Start your property research
- Talk to an agent about buying or selling
How we can help
Know your goals and ready to make them a reality in 2021? You can contact our friendly Eview agents here to get the process started, or complete the below form.