What they said...

Dubbo Photo News - - Weekender -

MATT WRIGHT – Mort­gage Bro­ker and Dubbo Cham­ber of Com­merce Pres­i­dent

“OFF the back of the gov­ern­ment mak­ing a com­mit­ment to a first home buyer stim­u­lus in Jan­uary, which hasn’t yet been fi­nalised, but I think that topic of con­ver­sa­tion got some first home buy­ers out and about as well.

“The last two months in a row in­ter­est rates have de­creased so what we are see­ing now is a lot of re­fi­nanc­ing ac­tiv­ity and peo­ple try­ing to re­view home loans and shop­ping around for the bet­ter rate.

“The home loan mar­ket it­self, es­pe­cially in the first home buyer space, seems to have a fair bit of ac­tiv­ity in there.

“Dubbo is prime (for growth in the prop­erty mar­ket) – we have low un­em­ploy­ment, a strong in­vest­ment from gov­ern­ment and pri­vate in­vest­ment and a strong hous­ing mar­ket across the board, so we re­ally are primed to take ad­van­tage of a lot of the op­por­tu­ni­ties that are set to come.”

BLANCHE ROBIN­SON – real es­tate agent

“WITH the elec­tions, both the state and fed­eral, there was a bit of un­cer­tainty lead­ing up to those polls, but Dubbo is a re­ally sta­ble mar­ket on the whole.

“Yes, it def­i­nitely is a tougher mar­ket at the mo­ment that we are deal­ing with, but you will see from statis­tics we had a slight drop there for the year end­ing 2017-2018 where I think it re­tracted by 0.1 of a per cent, but apart from that we are con­tin­u­ing to

see how me­dian sale price con­tin­u­ing to grow steadily which is a real pos­i­tive.

BILL KELLY builder

“THERE has not been too much of a down­turn in en­quiry – we have con­tin­ued to do sim­i­lar num­bers over the past two or three years and we have al­ready seen an in­crease in en­quir-ies for new homes.

“There’s more cer­tainty now with the old gov­ern­ment back in place and the first home buy-ers’ grant and the stamp duty ex­cep­tions that were al­ready in place prior to the last elec-tion.

“A lot of the talk that the gov­ern­ment was go­ing to change cer­tainly fright­ened peo­ple, so they sat on the fence un­til there was an out­come and once the out­come was known then there’s more cer­tainty in the mar­ket place.

“With the re­duc­tion in in­ter­est rates and with peo­ple with money in the bank – it might be a mum and dad type in­vestor, I’m not talk­ing about peo­ple with mil­lions – those peo­ple now are look­ing to what the com­par­i­son is be­tween leav­ing their money in the bank, or put-ting it into real es­tate.

“Bricks and mor­tar (in­vest­ment) in Dubbo is re­turn­ing tra­di­tion­ally four to five per cent in-ter­est, with a chance of cap­i­tal gain be­cause your me­dian house price in Dubbo con­tin­ues to in­crease.”

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