Hi all, Nicholas here, Founder and Managing Director of Truth Property.

Many who are my clients and or follow me and the property market, have seen an increase in property prices not just for House and Land Packages but in property as a whole.

For this blog I’m specifically talking about House and Land Packages.

House and Land Package prices in locations, such as, South-West, North-West Sydney and South East Queensland have doubled since 2020 for a few reasons.

Demand, the Western Sydney Airport, in QLD the Olympics in 2030, high yields and low vacancy rates and Brisbane becoming a new business hub. All the growth, future growth and funds being poured in by the government in these Hotspot locations such as, Schools, Shopping centres, Universities, Train-stations the convenience to public transport, all other amenities-and all other infrastructure being built which in-turn has created jobs, where people are flocking to, this has seen a wave of Growth since 2020. Not just South West Sydney, North West Sydney also South East Queensland.

This is just the first of wave 🌊 there will be a few more waves of growth coming there have been talks and fear mongering by the news and different circles of property prices crashing, I do not believe property prices will crash, there will be an adjustment.

What I do see happening is interest rates will rise, in-turn people out there looking for a new home and land packages that delay purchasing a home or investment property soon and wait, there borrowing capacity will decrease, so in saying this, what you are able to purchase today with your borrowing capacity, will be less once interest rates rise, hence, you will need to settle for something smaller, cheaper or older. 

House and land packages through Truth Property offer, in most cases, Fixed Priced and most of the time turn-key deals with all the bells and whistles, including driveways, pathways, landscaped gardens, clothes lines. That is where the term Turn-Key comes from, all you need to do is put the key in and turn and it’s ready, for you your family and or tenant to enjoy.

In saying this prices are what they are, I do not see them decreasing, this is just the reality of it, my advise is – if you are in the market and deposit ready financed approved ready go and don’t know where to start or just don’t have the time don’t delay, reach out to Truth Property.

Purchase as soon as you can, with a fixed rate home loan, because, as I said when those interest rates rise, you might not be able to get finance approval for the same amount as you are today and if you are in need of your First Home or next home, whether it be upsizing or downsizing, growing family or as an investment property, why not have a Concrete Buyers Agency (Truth Property) by your side making your first or next home or investment property purchase easier, smoother, hassle free, an investment strategy tailored to you, as everyone’s wants and needs and goals are different.

For more information on our Fixed Fees, Services we provide and how you can qualify to receive all commissions back to you and purchase below what is advertised on the market, inquiry with Truth Property today.