Ray White Now | MARCH 2021 - Page 8

08
MARCH EDITION

IF I AM CONSIDERING SELLING , WHY GO TO MARKET NOW ?

SUMMARY
• Strong growth phase underway now
• Demand far outstripping supply
Australia ’ s housing market is now well entrenched in one of the strongest growth phases on record . For housing values and activity to be surging during a global pandemic seems counter intuitive , however the factors driving this growth are significant and diverse . Property buyers are looking in the housing markets in unprecedented numbers . Record low mortgage rates look set to remain in place for a prolonged period of time , providing confidence to buyers and historically low interest payment to income ratios . The economic recovery is feeding into a solid rebound in consumer sentiment and encouraging households to reduce their savings buffer and spend more .
There are some headwinds ahead in the form of a reduction in fiscal
support from the federal government , home loan deferral arrangements expiring and migration remaining stalled . The intensity of these headwinds have lessened over recent months . The economy navigated the earlier fiscal cliff relatively seamlessly , however the wind-up of JobKeeper and the COVID supplement for JobSeeker is likely to cause a temporary slowdown in the economic recovery