Hi, I'm not a regular on this forum but have recently found myself snooping around on it trying to get a consensus of what people think may happen to the low to mid end of the property market prices post the increased FHOG ending June 30. My inexperienced but much thought out opinion is that there may be some cooling off in the sub $500K property market.
With an extra family member on the way we need to expand eventually from our 2 bed Sydney flat to 3 bed (pref house). The current inflation of the lower end of the market with influx of first home buyers tells me that now is the perfect time to sell however is not perfect time to buy. The options in this has been troubling me.
Option 1: Sell and Buy into inflated market (pre june 30)
Option 2: Sell and Buy into deflated market (post june 30) more favoured
Option 3: Sell hi (pre june 30) buy low 9-12 months in the future and rent in the interim
Option 3 is immediately the most favoured for obvious reasons but that is assuming that there is a deflation in market prices post june 30 (ie FHOG is the driver rather than low interest rates), and also assuming that interest rates wont increase markedly in the 9-12 months following. I'm not asking for advice but any experienced and reasoned opinions on what people think this market will do post june 30 would be much appreciated.
