2014 was an odd year for real estate in Australia. The trends noted in that year changed a lot about how we perceive the real estate market, and so changed a lot about how people are going to approach the market in general in the year of 2015. The different occurrences last year will have a different effect based on what aspect of the market you are dealing with. Below, the expectations that should be held this year by the different players in the real estate market are discussed in detail.
Sellers
So you own a property and are looking to sell it. Maybe you’re going to buy a cheaper house and pocket the rest of the money, maybe you’re leaving town. Whatever the reason is, you can rest easy, because 2015 looks like it’s going to be a good year for you. This is due to the fact that there aren’t very many properties available for sale this year, which means that the market is largely starved of commodities, thereby driving the prices of the properties that are on the market, including your own, way up.
Buyers
Based on what you read in the section meant for sellers, you might know what could in store for you this year if you are a buyer, and you have probably realized that you’re not going to have an easy time of it hence, it is best to just batten down the hatches and wait for next year. There simply aren’t any houses on the market this year, and, taking this fact into consideration, most sellers are going to take advantage of this lack of options and try to sell you their homes for as much as they possibly can.
Investors
If you are investor, then you are in for a treat this year. Interest rates look like they’re going to stay low this year, so you should seriously consider fixing your mortgage this year. Additionally, speak to some financial advisors about your investments this year. The fixed rates this year are below variable rates and this could affect your investments. You need to consult financial advisors in order to ascertain what the effect this years financial situations is going to have on your myriad investments as well as any future financials plans you have or may be considering.
Renters
You are in for a rough year if you are looking for a place to rent. The queue is long, exorbitantly so, you, if you want to find yourself a place to stay anytime soon, you really need to think about getting yourself a rental application that stands out from the crowd. Do so and you might just have a chance of finding a place that you can rent. Rental prices also are looking to skyrocket this year with so few rental avenues available, as homeowners will be looking to take advantage of the dry spell and get as much as they can from renters.
