Is it still possible to find ‘value’?
For those looking to purchase a property, it has become incredibly difficult to find great value options due to rapidly increasing prices. The astonishing pace of growth is evidenced in CoreLogic data for March, which identified house values increased by 3.3% and units 0.7% for the month.
Limited stock, combined with historically low borrowing costs, has armed would-be buyers with an enormous amount of extra firepower by way of increased borrowing capacity, which is being comfortably utilised across the market. In a competitive market, are there still options for buyers that represent value – and where are they?
If you’re looking for a house, it is unlikely you’ll find anything which will…