What they said...
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.”