Should I buy now or after the elections?

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Marcus
Posts: 1
Joined: Fri Jul 23, 2010 3:22 pm

Should I buy now or after the elections?

Post by Marcus »

Hi all, just wanted to know how the elections will affect or impact on the property market? Is it a good idea to buy an investment property now, before the elections?
Thanks - Marcus

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Otto Dargan
Mortgage Specialist
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Joined: Sat Sep 06, 2008 5:55 pm
Location: Sydney, Australia
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Re: Should I buy now or after the elections?

Post by Otto Dargan »

Historically buying during the election campaign has been a good thing. Generally there are fewer buyers and a lower auction clearance rate. So far it seems like the clearance rate has been very low over the last month or so, this indicates that now could be a good time to buy.
Otto Dargan
Mortgage Broker
P | 1300 889 743
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