May is here, the winter’s chill has hit Melbourne. Luckily for us we are staying inside, with the heaters on, despite being isolated at home, the property market is functioning very well under the Covid-19 restrictions.
We are encouraging buyers to think long term and not be too distracted by this short term event.
If you are a first home buyer, and are absolutely certain of your job security, I recommend continuing the search for your first home. With the official interest rates at 0.25%, mortgages in the low 2% and plenty of government incentive around stamp duty – the buying conditions for first home buyers haven’t been this good in years!
If you’ve successfully applied for the Federal Government’s deposit guarantee, you now have more time to buy your home. You can apply for an extension of another 90 days to get it done. A further 10,000 guarantees under the First Home Loan Deposit Scheme will become available from July 1.
While the government restrictions have changed the way we sell property, we a
