7 The Magnus Nelson Bay Port Stephens

by admin on August 11, 2011

Are Port Stephens Property Values Dropping?

Port Stephens property prices have dropped,  so when is the best time to buy?

Port stephens property The question on every ones lips is should I wait or buy.

Uncertainty is a killer in the property market and Port Stephens, being a resort area can be the hardest hit in tough times

Why?

Because Port Stephens property prices are governed by supply and demand.

When a lot of investors bail out at once it puts supply pressures on the market as there are more properties to choose from.

So is it a good time to buy now?

Port Stephens Property Prices Have Bottomed And That Is Great News Because?

With an adjustment of prices comes new buyers with more balanced books.

A lot of the bad property debt has been bought out in Australia since the 2008 financial crisis.

Wise business peoples property philosophy is that when people are greedy, be fearful and when people are fearful be greedy. People are fearful so historically people will look back and say that this was great buying period.

Interest rates due to the worlds finance instability will come down yet our resources boom will keep our economy strong.

Take the example of the Port Stephens property below. Many apartments have been bought in this block for around $2 million, arguably the best units in Port Stephens. One 3 bedroom was sold last month for $1million and Port Stephens property below listed at $995,000.

Now is a great time to be buying Port Stephens property.

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