Friday, February 13, 2009

Finding a positive amidst the media 'doom & gloom'

Finding a positive amidst the media 'doom & gloom' How long has it been since you turned on the evening news, opened the daily paper or flicked on the radio to be met with a positive news story on Real Estate? If you’re like me, you probably can’t remember. 2008 was a year of uncertainty across the entire globe including the property market – and the negative media just keeps on coming.

Over the weeks we’ve been bringing you the latest property news from the front line, through the Saturday paper, our property magazine and Now we’re here to tell you it’s not all doom & gloom out there! At Toop&Toop we know that every cloud has a silver lining, so here are some positives for sellers, buyers and renters alike.

At the beginning of the New Year everyone was anticipating a huge wave of properties to come onto the market, softening the market further and pushing property prices lower through an increased choice for buyers. The good news for sellers is that this hasn’t occurred. What we’re seeing are fewer properties on the market and a positive impact with house prices firming up. If you’ve been holding off selling but need to – now is the time.

What can we say… STOP waiting for property prices to drop further!! Unlike the rest of the nation, South Australian real estate is holding
ground. We’re seeing this through the firming up of sale prices, and with interest rates continuing to drop plus the increase in first home owners grant for many – you couldn’t get a better time to buy property. Don’t end up being the person at the next backyard barbeque who says “we should have bought that property we saw 3 months ago” – by then it will be too late.

Is it time you thought about getting out of the rental cycle and breaking into the property market? Compare the rent you’re paying to what your loan repayments would be on a property of similar calibre. You may find that it makes financial sense to get your foot in the door of the real estate market.

Remember if you have any queries on the property market, just go to and ask away!

Anthony Toop, Managing Director <>

© Toop Real Estate Group

1 comment:

Anonymous said...

I would have to agree with you a whole hearted 100%. Especially seeing it from the buyers and renters side. I am recieving calls weekly from renters seeking to buy or wondering if they can afford to buy. The answer is YES! Some renters have seen their landlords put the property they are living in on the market and they have discovered that it is cheaper for them to buy that property rather than keep renting.
First Home Buyers (FHB) are also out in droves. I believe if you are a seller and you have a house in the sub $400k category now is a great time to sell. The price will be maintained, if not you might get more than you expected from interested FHB.