3-month window for Aussie buyers to strike
- realestateprotips
- Sep 11, 2023
- 1 min read
For potential home buyers, the past few years have been a rollercoaster. While soaring prices driven by unexpected pandemic property interest seem to have stabilised over the past 12 months, the forecasted drop has, for the most part, failed to materialise.
Coupled with changes to the government’s First Home Guarantee (FHBG) that came into effect on July 1 of this year, experts have pegged the final three months of 2023 to be a powerful window for would-be buyers to strike.
A bigger pool of eligible buyers
“The changes vary a little from state to state, but the most significant change on a national level is that the federal government has released more places for the First Home Guarantee,” explains Christopher Ladley, Owner Manager of Mortgage Choice in Elsternwick.
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