Have you heard the news?
The local real estate "crash" seems to be over. The power of the media over the last few months certainly affected the market. But Victoria seems to hold it's own, even in times of global recession and financial crisis. That's one of the beauties of investing in property here. Residential properties are currently selling at a higher than expected volume. Just looking through the listings in our office - there aren't really that many compared to a month or two ago. Yes, they've sold. "Lower interest rates and resulting increased affordability have energized the entry-level housing market", says Victoria Real Estate Board President Chris Markham. It's a great time to buy or sell. There are lots of buyers looking, which is good for sellers, and there are some great deals to be found, which is great for buyers. With the first sunshine we've had for a while, that puts everyone in a positive, optimistic frame of mind also!