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Rockingham Property Trends

2016 has been a historic year for the Australian housing market with exceptional growth in some of Australia’s capital cities and the RBA cutting the official cash rate to the lowest point in decades.

As we enter the final months of the year, it’s important to know what to expect if you own property or are looking to enter the market in Rockingham.

Justin Smith, Principal of Smartline Rockingham Mortgage Brokers, believes new construction could help first home buyers.

We are seeing a lot of construction in Baldivis, Golden Bay and Vista in Karnup. This is certainly helping First Home Buyers and people looking at downsizing because these properties are generally smaller.”

“We are certainly seeing an increase in customer enquiries over the past month. We are seeing a range of enquiries from First Home Buyers, Owner Occupiers who want to upgrade to a bigger house or investors seeing a great opportunity to buy houses at below replacement cost.”

Mr. Smith also said that there is hope for those who have been searching for a while:

“Interest rates are certainly very low and there are plenty of bargains out there throughout Rockingham so with the weather about to warm up, we can't see a better time to buy than now,” he said.