{"id":19319,"date":"2019-06-07T10:05:31","date_gmt":"2019-06-06T22:05:31","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=19319"},"modified":"2019-06-07T10:05:31","modified_gmt":"2019-06-06T22:05:31","slug":"now-is-the-best-time-to-buy-australian-property-since-2016","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/now-is-the-best-time-to-buy-australian-property-since-2016\/","title":{"rendered":"NOW is the best time to buy Australian property since 2016"},"content":{"rendered":"<p>&nbsp;<\/p>\n<p><strong>PHOTO:\u00a0Image: Getty<\/strong><\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"22\">Australian real estate is the most affordable since 2016, thanks to a combination of price drops and low interest rates.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" style=\"margin: 0px 0px 1em; color: #26282a; font-family: 'Helvetica Neue', Helvetica, Arial, sans-serif; font-size: 15px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 400; letter-spacing: normal; orphans: 2; text-align: start; text-indent: 0px; text-transform: none; white-space: normal; widows: 2; word-spacing: 0px; -webkit-text-stroke-width: 0px; background-color: #ffffff; text-decoration-style: initial; text-decoration-color: initial;\" data-reactid=\"23\">The finding came from new research commissioned by CoreLogic and ANZ, which was one of the major banks that\u00a0<a href=\"https:\/\/au.finance.yahoo.com\/news\/rba-interest-rate-cut-has-your-bank-passed-it-on-043325280.html\">chose not to pass on<\/a>\u00a0the full 0.25 percentage point rate cut\u00a0<a href=\"https:\/\/au.finance.yahoo.com\/news\/rba-slashes-interest-rates-first-time-since-august-2016-heres-what-it-means-for-you-043029599.html\">decided by the Reserve Bank<\/a>\u00a0on Tuesday.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"24\">For some Australian cities, it is the cheapest time to buy in decades. Darwin and Perth buyers, for example, are enjoying the most affordable conditions since September 2004.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"25\">For Hobart house hunters, it has literally never been a better time to buy &#8211; the current conditions are historically unmatched.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"26\">&#8220;For the first time, we\u2019re seeing suburbs and towns in every state where it is more affordable to buy than rent,&#8221; said ANZ home owners lead Kate Gibson.<\/p>\n<p class=\"canvas-atom canvas-text Mb(1.0em) Mb(0)--sm Mt(0.8em)--sm\" data-reactid=\"27\">&#8220;This shift, combined with record low interest rates, is driving more first home buyers to look at entering the market. For the first time in fifteen years most buyers are not chasing a rising market.&#8221;<\/p>\n<p data-reactid=\"27\">READ MORE VIA <a href=\"https:\/\/au.finance.yahoo.com\/news\/now-best-time-buy-australian-property-since-2016-012340395.html\">YAHOO<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; PHOTO:\u00a0Image: Getty Australian real estate is the most affordable<span class=\"more-link\"><a href=\"https:\/\/propertynoise.co.nz\/au\/now-is-the-best-time-to-buy-australian-property-since-2016\/\">Read More &rarr;<\/a><\/span><\/p>\n","protected":false},"author":1,"featured_media":19320,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[461747081],"tags":[478099572,478098512,478100510,478099464,478099524,478098521,478098892,478102635,478098566,478098519,478098535,478105607,478103299,478098539,478098513,478101743,478099125,478098873,478098579,478098510,478098514,478098511,478098705,478098509],"class_list":["entry","author-data123nz","post-19319","post","type-post","status-publish","format-standard","has-post-thumbnail","category-australian-property-real-estate-news","tag-anz","tag-australia","tag-australian-cities","tag-australian-property","tag-australian-real-estate","tag-australians","tag-corelogic","tag-darwin","tag-first-home-buyers","tag-home-ownership","tag-house-prices","tag-kate-gibson","tag-low-interest-rates","tag-perth","tag-property","tag-property-correction","tag-property-crash","tag-property-investment","tag-property-market","tag-property-news","tag-propertynoise","tag-real-estate","tag-real-estate-agency","tag-real-estate-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.6 - 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