08/02/2024
What a testament to what we are seeing in WA. The market is WILD.
What does this mean to home owners?
• Increased Equity: A rising property market can lead to an increase in the value of the property, thereby boosting the equity for homeowners and investors. Allowing further investment opportunities or home improvements to current homes.
• Favorable Refinancing Opportunities: Mortgage owners can benefit from a rising property market by potentially qualifying for better refinancing terms due to increased property values.
• Upgrade to bigger home - in many cases by selling your current home during rising property market, it can allow for a better profit margin to put towards an upgrade.
For more advice and information about your property’s current value, and how it can help you improve your financial goals.. I am here to help.
Message me today 😀
Your favourite Mortgage Broker
Anneke
In 2023, there was a 2% decrease in median property values across Australia for new purchases. Values decreased in all States and except Tasmania and Western Australia which saw median price rises of 20% and 14% respectively.
Click the link below to read our 2023 Housing Report!
http://bit.ly/49gNyTE