In particular we focus on getting the loan structure right the first time, choosing which lenders to use in the right order (yes this is important) and finally getting our clients the best deal possible.
Northern Beaches Median House Prices - Before and After Covid
Marty McDonald
We thought it would be interesting to review median house prices on the Northern Beaches just before the Covid stimulus in Feb 2020, at the peak of the market in April 2022 and current prices at February 2023.
You can see just how high prices went when interest rates were at all-time lows. Then as interest rates started increasing in May 2022 house prices have trended down ever since.
We will revisit this graph once the RBA stops increasing rates which we think may be next month (April 2023). It will be interesting to see if the market has further to fall or if the market stabilises.
About the Author: Marty McDonald is principal of mortgage broker “Mortgage
Experts”. Marty specialises in assisting active property investors with loan structuring advice and
implementation as well as helping credit worthy borrowers with slightly outside the box income and employment
situations. Find Marty on
Facebook and
LinkedIn.
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