This could be good news for renters as more landlords means more rental properties and a potential easing of rental price pressure.
But it also means more competition for first time buyers and others seeking a home to live in.
This continued demand is pushing prices up. Here in Brissie median dwelling values grew $30,000 between January and March this year.
So what can you do if you’re a first timer looking to get a leg up the proverbial property ladder?
Get your finance sorted and talk to your local agents so you know all there is to know about the area you want to buy in. This also helps your agents get to know you so they can alert you to properties that match your wish list.
Be clear on what you will or won’t compromise on. Is house size more important than distance from the city? Or not?
Be realistic. Your first home doesn’t need to be your forever home.
Be open to properties where you can add value. Doing some cosmetic renos can be a great way to buy in cheap and add equity to get you charging up the property ladder sooner.
Ready to buy? View our current listings for sale.