I’m sure that you’ve been seeing a lot of reports in the media of late about the high amount of activity in the property market of late, and if the people working through our office at Arbee Real Estate is anything to go buy then the reports must be true!
Since last year we’ve had a lot of people interested in buying homes in and around Bacchus Marsh and in the metropolitan Melbourne area. In fact Melbourne has been seeing the most property growth in the country with median house prices going up a massive 18.5 per cent last year.
So why the massive growth in the property market then? Well not only are we in what I believe to be one of the greatest places in the world but here in Australia we are also experiencing strong population growth and the supply of housing is barely keeping up with demand.
There has also been a lot of confidence regained in the market and it’s great to see that not only have we recovered from the Global Financial Crisis but we seemed to have come out the other end even better than how we started.
If you’re interested in buying into the market though, it’s still a great time for you too. While the prices of houses are going up it’s still a great time to get into the property market whilst you can still get some bargains. First home buyers can also still take advantage of the first home owners bonus that will be available to Victorian’s until the 30th June, so if you’re looking at buying a home you ‘ll be better off getting into the market sooner rather then later.
For anyone out there who would like any personal advice on the local property market in Bacchus Marsh please don’t hesitate to get in touch with me!