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"No better time to buy" in one state

By Staff Reporter
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South Australians are being called to embrace historically low interest rates and unprecedented government assistance to build or buy a new home.

The Property Council of Australia is joining other government and local industry groups to encourage activity in South Australia's property market.

"Put simply, there's no better time to buy," said Property Council (SA Division) Executive Director Nathan Paine. "Regardless of whether you're a first home buyer, an investor, an upgrader or a down-sizer, this is an amazing opportunity.

"Interest rates are around the lowest they've been in a generation and combined with the State Government's Housing Construction Grants, it'smore affordable to build or buy a home now than it has been for years.

"We've also seen figures from RP Data that South Australian house prices rose at the strongest rate in September so it just makes sense to get in now."

The Property Council has previously applauded the State Government's announcement of the Housing Construction Grants as a salvation for the struggling property construction sector.

"South Australians have had an enduring love affair with property as an asset class and a wealth generator; now's the ideal time to rekindle the relationship," Mr Paine said.

"But it's important to get in now - the grants are only available until June 2013 and we're hoping that they will trigger a lot of demand. The sooner you get in, the sooner you'll be in your new home."

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