Are you concerned about the impact of the upcoming mortgage cliff on your property value?
If you are considering SELLING, now is the time!
According to estimates from the Reserve Bank of Australia (RBA), approximately 800,000 home loans worth $350 billion will transition from a fixed interest rate to a higher variable rate this year, potentially putting many mortgage holders at risk of experiencing mortgage stress.
Experts predict that this shift may lead to a buyer’s market in the real estate industry, with a potential influx of properties on the market due to homeowners being forced to sell.
This increase in competition to sell may result in lower sale prices!
At United Realty, we believe that now is the time to be proactive if you are considering selling your property. By acting now, you may be able to avoid the potential effects of the mortgage cliff and get the best value for your property.
We are happy to discuss your options and provide guidance on how to navigate the current market conditions.
On a positive note, markets like the one we are in now can be a great time to upgrade your home.
Please don’t hesitate to contact our office to schedule a consultation with one of our experienced agents on 1800 4UNITED (1800 486 4833).