Home / Home Loans / Downsizers put pressure on prices

Downsizers put pressure on prices

31/08/2010

Retirees as well as people experiencing lifestyle changes like separation, are downsizing their homes and competing with families and first home buyers for properties in the middle price range. Experts say downsizers are pushing property prices up and many will not be let with very much cash after selling up and then buying again.

“One problem with downsizing is that, while prices may have risen such that it is tempting to sell and unlock money, the prices for the kinds of properties you might want to downsize to have also risen,” said property advisor Ana Bennet.

Source: Herald Sun



Previous Article  Next Article


Popular Mortgages $250k

 



Popular Searches


Today's Best Rates

Institution Product Title Rate (%) Details
eMoney Pro Pack 75 (loans below 75% LVR. Contact us for loans above this LVR) 6.08  
UHomeLoan - Refinance only (6.14%p.a incl 0.20%p.a lifetime Loyalty Discount) 6.14
State Custodians Standard Variable Offset Loan 6.22
IMB Budget Home Loan (No Application Fee) 6.27
MyRate.com.au - Advantage Rate Loan 6.35  
Institution Product Title Rate (%) Details

Rates for a $250,000 standard loan. The 3 year tabs show loans that are fixed for 3 years.



SPONSORED LINKS