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Why buying property is all about confidence

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1 minute read

Why buying property is all about confidence

by Cameron Micallef 14 September 2020 1 minute read

Despite the government encouraging first home buyers to enter the market, it will ultimately come down to confidence in financial situations and future employment, an industry expert has explained.

Why buying property is all about confidence
September 14, 2020

In a conversation with Smart Property Investment, PRD managing director Todd Hadley pointed out that investors are taking advantage of government schemes, with confidence likely to be the driving force moving forward.

“Buying a property is all about confidence in employment. If there is confidence in their market and employment, they are certainly taking advantage of the first home buyers schemes,” Mr Hadley said.

“The question is, in this current climate with the pandemic, is there enough of these first home buyers confident in their employment to take that leap into being first home buyers.”

Mr Hadley explained that while his agents have given him positive feedback, it remains sector-based how confident Australians are about purchasing their first home.

“It’s a mixed bag. It depends on that space you’re employed in.”

“That 20 to 30-year-old age bracket, where some are just going into their first job, they are going into a market that is growing or shrinking, so it depends,” Mr Hadley said.

Mr Hadley also discussed the confusion for first home buyers, explaining the importance of research to ensure that they can take advantage of government subsidies.

“When we were talking to our franchisees, they were saying we have questions left, right and centre from our buyers on what’s included,” Mr Hadley said.

To help with this, PRD has put together a guide explaining what first home buyers are eligible to receive.

Why buying property is all about confidence
Why buying property is all about confidence
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About the author

Cameron Micallef

Cameron is a journalist for Momentum Media's nestegg and Smart Property Investment. He enjoys giving Aussies practical financial tips and tricks to help grow their wealth and achieve financial independence. As a self-confessed finance nerd, Cameron enjoys chatting with industry experts and commentators to leverage their insights to grow your... Read more

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