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Interest Rates are they coming down or going up?

The current housing market is awaiting the savvy buyer. With the consecutive rises by the reserve bank, European PIGS Economy treat, Revolving door Labour Prime Minister and now threat of a coming election.

If you have cash – that is no bank finance required - you are KING. The last three real estate contracts written, in Everton Park and McDowall, have been cash unconditional. The savvy buyers have purchased at well discounted prices. Motivated sellers have taken the offers and moved on.

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Tighten bank conditions, over jealous building inspections, have made these contracts very attractive. Remember when you negotiate on a property there are three levels of negotiations: price, time and conditions. Which one is more important to you, in the current market make your offer as attractive as possible.

I don’t believe that these conditions will be sustainable due to the housing shortage, so if you are cashed up make the move now. This particular mille second in time is a buyers market.

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Homes for Sale Everton Park

Homes for Sale Everton Park

There has been a huge recovery in the Everton Park market place as property savvy first home buyers swoop down on Everton Parks proximity to the CBD.  Everton Park is offering value for money.  Only 8km from Brisbane CBD, serviced by good infrastructure it is proving a winner after a slow start in the first quarter of the year.  Median prices in March were $424,000 rising in April to $480,000.  In my humble opinion in the next few years Everton Park will be the next new urban village.

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Recession is always followed by Inflation.

Recession is always followed by Inflation

There is nothing better than real estate.  Now at the bottom of the market is the time to buy and wait for the changing time.  With inflation real estate increases in value.  Many savvy expats and interstate investors have started buying investment properties positioning themselves when the inevitable inflation cycle begins.  The movement is only mirroring the USA where the real estate is being purchased by long term investors. You don't build wealth waiting for the boom to start - start buying wisely now.

On a personal basis I Refuse to participate in this recession I am going to have the best year ever.  Cheers