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Buying Real Estate: Is Now a Good Time?

by Marquette Turner Luxury Homes

in Features, Investing in Property, Money & Business, News & Views, Real Estate Radar, Resources, Variety

Michael Marquette of Marquette Turner Luxury Homes writes:

One of the most common questions is when is the right time to buy property? Australians have seen property prices hold firm, relative to many other countries around the World.

It’s a fact that more than 70 per cent of Australians aged 25 or over believe that now is the right time to purchase property – this is welcome news for those looking to sell property.

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According to Citibank’s Australian wealth survey, 74 per cent of people think that now is the right time to purchase property, while 40 per cent believe it is a bad time to purchase shares.

Melbourne’s median house price fell just 1.8 per cent to $441,900 last financial year, as compared to the massive fall in share values across the nation and indeed throughout the World.

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