Buying your first home is a combination of nerves and excitement.
Is now the right time? Is this a good buy? Are we doing the right thing? These are just a few of the myriad of questions going through a first home buyer’s mind.
Madeleine Hicks of Madeleine Hicks Real Estate believes that first home buyers only have two decisions to make. Do I buy now and set myself to make capital gains or do I procrastinate and pay later?
“Current market conditions are favourable to buyers. The market in 3 years time will be very much different to our current market place,” said Madeleine.
“Over the next 3 – 5 years those that buy now will have substantial equity in their home due to capital growth, those that procrastinate and put off the decision to buy will ultimately be buying at a higher price in years to come,” explained Madeleine.
“Capital growth over the next 3 – 5 years will be slow but consistent. All these little gains will add up to a large gain overall,” concluded Madeleine.
If you are thinking about your first home, now is a great time.
Story source; www.villagebuzz.com.au