First home buyers are thrilled to have the stamp duty on the purchase of their first home waived up to a property value of $750,000.  This is a huge saving of as much as $28,900. To take advantage of this opportunity, first home buyers must save a deposit so we are seeing a trend for young people moving back in with their parents to help them put more of their income towards a deposit. 

This means less young tenants in the rental marketplace and this will drive the vacancy rate, which has been so low, up to a usual market rate.

For the investors there is nothing to be concerned about.  At the other end of the market, some older people are choosing to sell their home and rent in order to facilitate a better lifestyle.

As usual, if we can help you with any real estate matter including investment advise, please call anytime on 0418 132 288.