With the election over what does it mean for the housing market?
Well the uncertainty pre election is certainly over, the one thing people and the housing market do not like is uncertanty, there was a lot of uncertainty right up until the last minute with the election.
The following are great news for home buyers, investors, home owners and the housing market in general
INTEREST RATES – It looks like they are staying at their historic 6 year low for the foreseeable future which is great news for buyers and sellers
RENT CAPS – Thankfully this hasn’t been put into place, this could have added to the already enourmous problem of lack of affordable housing
NO MANSION TAX – The threat of the ‘masion tax’ which could have had cripiling effects right over the market has been quashed
All in all a very good result for the property market and making this an excellent time to buy and sell property
Find out how much your house is worth call our office on
289 9669 / 288 8882