June Newsletter
An Update From Chris Christofi
House prices in the major markets across Australia have defied the dire predictions of the doomsday forecasters. Despite the negative forces brought by the coronavirus lockdown, including evidence of higher vacancies and declining rents in some markets, prices have held up well. In March and April, the national average situation was a small rise in prices in each month, with most capital cities and most state regional markets recording increases. In May there was a marginal decrease in the national average situation, but nine of the 15 market jurisdictions recorded stronger prices.
A combination of factors have underpinned home values, including the strength of markets going into the shutdown period, the low level of vacancies and listings, the stimulus measures by state and federal governments (including the JokSeeker and JobKeeper payments), the strength of most households with their mortgages (with most well ahead on their monthly repayments) and the mortgage holidays offered by lenders.
In the past week we have been inundated with calls in relation to the Federal Governments Home Builders Grant. HomeBuilder provides eligible owner-occupiers (including first home buyers) with a grant of $25,000 to build a new home or substantially renovate an existing home. HomeBuilder will assist the residential construction market by encouraging the commencement of new home builds and renovations this year. For a full breakdown of the grant, please click here. If you would like to discuss the many ways this grant could be beneficial to you or a family member, please feel free to book a call with Reventon.
I hope you enjoy this months newsletter, with the constant changing of finance policies, government stimulus plans and these new grants, please feel free to contact us any time should you need any additional information.
Yours sincerely,
Chris Christofi
Founder & CEO
Click The Image Below to See June 2020 Newsletter
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