Are you thinking about buying a property at Clyde North, Victoria? You’re probably wondering if it’s the right time to do so and if this will be a wise investment for your future. The past few years have skyrocketed property prices in Victoria, Australia. Berwick Waters might have been left behind as buyers have priced themselves out of the market and are now looking further down the Mornington Peninsula for more affordable properties. However, savvy buyers are now starting to see some hidden gems left at Berwick Waters, especially if they’re interested in apartments or townhouses instead of freestanding houses.
The housing property market in Victoria, Australia, has been on an incline this year, and it’s not showing any signs of slowing down. This is good news if you’re in the market to buy a property and looking to make some investments in Berwick Waters or any other area in Victoria; prices will surely rise over the next few years due to supply and demand issues in the real estate market. Read on to find out why now is the best time to buy.
Property prices are increasing
Home prices in Victoria have been rising for quite some time now. The average home price has increased by almost 6% in the last year alone, and they’re predicted to continue to rise in the coming years. If you’re considering buying a property, now is the time to do it. Prices will only go up from here, so you’ll get more bang for your buck if you act now.
Land supply is limited
With land supply being limited in Clyde North VIC, Australia, and more people moving to the city for work, it’s no wonder prices are rising. A recent report found that house prices have increased by 31% since 2011. The same report also found that this increase will continue into 2020 and beyond, meaning that houses won’t be affordable for many first-home buyers soon.
Development approvals are tough
Berwick Waters has been through a rigorous process to get development approvals, meaning buyers can be confident in the quality of the built homes. Plus, with construction already underway, prices will only go up. So if you’re considering buying a property in Clyde North, Victoria now is the time to do it. Prices won’t stay this low for long.
The infrastructure has arrived
After years of waiting, the infrastructure finally arrived in Clyde North, Victoria, Australia. With a new hospital, shopping centre and schools open or due to open soon, this is the perfect time to buy a property in Berwick Waters. Not only will you have everything you need right at your doorstep, but your property value will also increase as more and more people move into the area.
Final Thoughts
Owning your own home is excellent, but it’s not always easy. With renting becoming increasingly expensive, and home prices on the rise, it can be challenging to save up for a deposit. However, there are plenty of affordable housing options, like Berwick Waters in Clyde North, Victoria. If you’re thinking of buying a property, now is the time to act. Don’t wait until prices go up even higher. Investing in a home before prices increase will give you an excellent return on investment. So take advantage of this opportunity while there’s still time.
