Buying a house with only 2% deposit? The Family Home Guarantee scheme is aims to make easier for Australian single parents to own their own home.
Property prices increased by 2% in February and in March some capital cities recorded growth as high as 4%. That’s 50% per annum. We’ve seen this before – property prices doubled between 1986 and 1989, then again between 1998 and 2003. The Brisbane median house price increase by 66% between 2002 and 2004 when it last had an explosion in net interstate migration. As I’ve said in our Sunplace webinars in the past six months, ‘you will be shocked at how quickly house prices go up’.
Compared to January 2019, the sales volume in January this year is much stronger. Overall, it’s positive: we have more property enquiries than ever before!