As the new year has begun in earnest and the first auctions for the year have been done, let’s briefly look at last year and then look ahead to 2015.
2014 saw a heated market with most auction reserve prices exceeded and prices rising. Foreign investors were out in force in many suburbs with many auctions selling after spirited bidding by two or three foreign investors.
The Reserve Bank stated that foreign investors did not buy many properties! The reason being is that these investors had already created a vehicle to purchase as an Australian Company. So this is treated as an Australian purchase NOT a foreign investor, which in reality it was.
So what about 2015?
My prediction is that the market will continue strongly and this is backed up by the fact that the numbers through home open for inspections are similar to last year and we now enjoy lower interest rates than last year.
I do not see prices increasing as much as last year and they should remain the same or enjoy a small rise.
As far as ‘It’s a Breeze’ is concerned, we have some very exciting plans for 2015 ahead of us, which I will share in due course. Suffice to say everyone will benefit as we roll out our expanded services with the over-arching vision of ‘Personalised Service.’
Please feel free to call or email me with any property related queries or questions.
As you may or may not know it is my mission to help and assist people to create wealth through property.
So please remember; if you learn to think like a wealthy person, you’ve got a much better chance of becoming one. Remember anyone can do it, but not everyone will.
Have you considered that ‘A once in a lifetime opportunity comes by at least once a week!’