Well it’s been a big week once again and we have enjoyed large volumes of people through our open homes and our Agents are actively trying to source additional listings to meet demand; the activity shows no sign of abating leading up to the busy spring period.
It’s worth noting that there may be some interesting times ahead when the market digests some of the recent decisions announced by major lenders. In some quite unexpected news last week, AMP announced it would cease loaning to property investors, whilst simultaneously increasing the interest rate on all existing investor loans.
CBA and ANZ have also decided to increase interest rates on investor loans, whilst the NAB is increasing the rate on all interest-only loans. Sellers need to keep these changes in mind, as it may weaken the investor-driven sector of the market…time will tell. However, we remain confident that the Sunshine Coast market will remain solid for the foreseeable future as it is a popular lifestyle destination and more affordable than capital cities.
In the meantime, the nation has been swept up in the aftershock of our Ashes defeat in the UK, but also celebrating the Wallabies win on Saturday night and the remarkable achievements in the pool of the Campbell sisters.
For those of you who went to the EKKA, I hope it was a wonderful experience for you, the weather was certainly awesome; and for those still planning on going, have a great time!