Commonwealth Bank economists predict apartment price boom
Despite the challenges of COVID-19 last year, new forecasts by Commonwealth Bank of Australia (CBA) economists predict that Australia’s metropolitan apartment market is set for a rebound.
Australia’s biggest bank has predicted a nine per cent surge in apartment prices across the next two years. This strong projection is due to a range of factors including steadfast record low-interest rates (0.1 per cent) that are expected to be maintained by the Reserve Bank of Australia (RBA) for several years, positive employment growth and increased consumer confidence, further buoyed by the Federal Government budget this month.
Lenders are also driving an uptick in positive sentiment among purchasers, offering fixed rates below two per cent on mortgages for the first time ever - creating even more urgency among prospective buyers eager to get their start on the property ladder.
A raft of government incentives including the First-Home Buyer grant and generous stamp duty discounts (available until 30 June 2021) for owner-occupiers and investors are creating further value for property hunters.
When combined with our Life&Style Edition package valued at $30,000, the price growth prediction and these incentives is creating once-in-a-generation buying conditions in one of the world’s most liveable cities!
The Life&Style Edition package is an exclusive wellness and styling bundle valued at over $30,000 and is available across all new purchases of two and three-bedroom apartments. It includes a $20,000 Coco Republic furniture package tailored to the buyer’s personality and based on four curated themes, including a free style consultation; an installed DARWIN by Delos wellness ecosystem, a white goods package from Samsung, and a voucher from The Plant Society including free curating advice for indoor settings.
To find out more about our range of apartment opportunities eligible for these savings please call us on 1300 888 770 or book a private appointment via this link.