@Sethius an honest question. Would you wait right now or give the market a go? As a first home buyer, in Canberra, with a deposit for roughly 500-600k. Im debating getting my ducks lined up and ready to pull the trigger or should I wait and see where this shit storm lands?
As someone who is inside the industry it would be nice to hear an unvarnished opinion, happy to take it to pm as I understand opinions about this kind of thing need to be handled carefully.
I don't know the Canberra market well enough, but I'll be going again where I'm currently building for a few reasons. Cbds wouldn't be my choice at the moment. Is it about having a room over your head and long term choice (with rates so low, my recent buy is cheaper than my current rent.) or is all about returns, numbers and making a buck?
Cheers mate, firb purchases are very interesting init?.. Dunno how the investors pile in will work out later in that price bracket.. That is the hotspot for unemployment.. Sounds like there is some buyers around with balls of steel. Hopefully you can keep making a buck from them..
Plenty of buyers, and oddly it's very heavily towards medium density this month. The younger generations desire for any of yard has to be at an all time low. And the older downsizers are going mortgage free.
What I do find interesting is Simonds share price has more than halved.
There's got to be alot of small builders go under if construction goes off line. I've worked out and about the last 2 days and it's only one demographic coming out to play.
Our sister company who go for 600-800k aren't hitting the numbers we are. Yet they broke records of 120 for the month before this all happened.
Firb was mildly surprising, makes me question what's going on the ground over there.