Property Market Turning Point: Opportunities for the Self-Employed
Australia's property market is moving through a genuine turning point, and for self-employed borrowers who have been waiting for conditions to work in their favour, the timing is worth noting.
According to Domain’s latest Market Insights Report, Sydney listings have hit a 17-year high and Melbourne a 12-year peak. Domain chief residential economist Dr Nicola Powell says we are steadily moving into a buyers’ market, with more choice, softer clearance rates and sellers increasingly willing to negotiate. Discounting is at an eight-month high in Sydney and a nine-month high in Melbourne.
In practical terms, this means less competition, more time to make considered decisions and genuine room to negotiate on price – conditions that have been largely absent from the market for several years.
Self-employed borrowers are well placed to take advantage of these conditions. The challenge is often not finding the right property but having finance in place quickly enough to act when the right one comes along.
Self-employed borrowers don’t need to miss out in a buyers’ market simply because mainstream banks make finance harder to secure. Direct Credit Home Loans assesses every scenario on its merits, with fast turnarounds and personalised service from an experienced team.
We specialise in helping self-employed borrowers.
Our experienced staff will assess your application on its merits, not according to rigid criteria. So if you’re credit-worthy, we’ll back you.
We love helping Australians buy property.
Call us on (07) 3726 1124 or email [email protected] to discuss your scenario directly with our credit team.