Confidence still low

Confidence is still low in the housing market. Some commentators are stating that consumer confidence in the housing market is at its lowest for over 11 years. With interests rate already high and the major lenders increasing rates without any push from the reserve bank, who blames consumers for having no confidence. Fuel prices are at a record high with the standard fuel tank taking over a $100 to fill, who has any money left for the extras in life. Now the government is talking about carbon trading and how prices for energy are going to increase significantly, thus giving the average Joe less to spend on himself and his family.
Although there are tough times, the property market has performed better that the stock exchange. The ASX has over the last 12 months actually loss 10% of its volume, whereas property has remained constant in value. Now is the time to buy if you are looking to secure a property. Many sellers are now starting to negotiate on thier asking price, because they are realising that lower prices are what get them sold. Keep in mind that when you sell at a lower price, you still have the opportunity to negotiate on your next purchase. If you are looking for that bargain go to www.nobullrealestate.com.au/properties.php

No changes likely soon

Latest figures have shown that the rental market is not showing any relief for tenants. Last month there was a slight change for the better when it came to securing a rental property, but this months figures released by the REINSW show a decline in vacant rental properties for Newcastle, thus making it harder for people to secure a tenancy. With more people opting out of ownership due to hardship repaying the mortgage, it is only going to get tougher. The latest figure from RP data show that not much property is selling and there are even more properties being listed for sale. Again the amount of property being offered for sale is way above the national average. There is definately an oversupply of property for sale. For the astute negotiator, this is a fantastic time to negotiate that deal of a lifetime. Many vendors are becoming desperate to sell and are going to listen to any reasonable offer. To view some great properties go to http://www.nobullrealestate.com.au/properties.php

No changes likely soon

Latest figures have shown that the rental market is not showing any relief for tenants. Last month there was a slight change for the better when it came to securing a rental property, but this months figures released by the REINSW show a decline in vacant rental properties for Newcastle, thus making it harder for people to secure a tenancy. With more people opting out of ownership due to hardship repaying the mortgage, it is only going to get tougher. The latest figure from RP data show that not much property is selling and there are even more properties being listed for sale. Again the amount of property being offered for sale is way above the national average. There is definately an oversupply of property for sale. For the astute negotiator, this is a fantastic time to negotiate that deal of a lifetime. Many vendors are becoming desperate to sell and are going to listen to any reasonable offer. To view some great properties go to http://www.nobullrealestate.com.au/properties.php