The announcement by the government certainly will be welcomed as a boost for builders for first home buyers and owner/occupiers seeking new homes under $750,000.
There will be outcomes affecting our investor clients.
Land supply in South East Queensland is short, due to a slow down by developers and the withdrawal of some lenders for land development.
We predicted a rise in land prices before this announcement. We now predict a rise in median land prices of around 25% within the next 6 months.
This will cause a rise in house prices overall of around 10% over the next 6 months.
There will be developers increasing current land stock prices, as will some builders who may withdraw the properties and reintroduce them with increased prices later.
Meredon Consulting Group
receive property offers from a range of high quality builders who are top of their game. We also stipulate with them that properties have to meet our rigorous test standards and that prices we state for our clients will not change unless the client has specific requests to amend the plans or inclusions.
Now is the time to beat land and property price increases and to benefit from the estimated 10% rise in house prices forced by land prices increases.
We have more than 200 tested properties of all types in selected locations.
BEAT PRICE INCREASES – CONTACT US NOW or phone 1300680323