Ray White Now | Updated weekly Ray White Now | Vol 3 - 1 June 2020 | Page 11

Why is there
buyer confidence at the moment?
There are many reasons for the current buyer demand.
The most significant of these reasons relate to finance.
With interest rates at all time lows and with banks being
supportive of purchasers, we are seeing many buyers
wanting to take advantage of these factors. Obtaining
secure credit on excellent terms while they are available,
is certainly influencing demand. This is not only the
case with first home buyers, but across all sectors of
the market. Fortunately, we continue to see confidence
in buyers with job security working in industries not
materially impacted by the current economic environment.
In any market environment, there remains a significant
number of buyers who are looking at buying and selling
within the same market. When you consider this, market
conditions generally don’t weigh in as much on the
decision for those looking to upsize, downsize or relocate.
Jumping for joy - Ray White Erskineville Director Shaun Stoker’s happy buyer who bought 49 Nassau Lane, Erskineville last weekend.
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