Better days ahead for home buyers
Sunday, 18 January 2009
FIRST-HOME buyers are set to see the most attractive real estate market in a decade, according to the Real Estate Institute of Victoria.
The real estate industry peak body is tipping a shaky start to the year, in which the top end of the market will face the worst of it.
Due to the unsteady economic climate, the RBA is expected to cut interest rate cuts when it next meets, with further cuts continuing to lure first-home buyers to the market over the next 12 months.
"I think first-home buyers and investors are going to find this the most attractive time in this decade to buy," REIV chief executive Enzo Raimondo said.
