Great time for buyers to grab a coastal bargain
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Over the past 12 months Australia's lifestyle-driven coastal markets have fared worse than other markets, but now could be the ideal time to take a good look at these as we begin to see conditions slowly improve.
This heralds good news for prospective buyers who may have aspired to owning a coastal lifestyle property, however due to a lack of funds, they avoided these markets and threw away any hope of ‘getting in'. Because housing values across some of Australia's most popular coastal regions have recently shown significant falls, and competition in the market remains relatively subdued, now is a good time to look.
Based on findings from RP Data, the indications are clear that this market is now turning and many of these lifestyle markets have seen the worst of times.
