With the end of 2021 in sight, we thought it was about the right time for Darren’s annual property market review. 2021 was a year of ups and downs. With repeated border closures across the country, and multiple lockdowns in almost every capital city and major regional centre. Despite this, property values have risen across the board. And new home buyers have still been jumping at the chance to secure their new home.
We sat down with Darren Walters, CEO and Founder of No1 Property Guide, to get his opinion of the property market so far this year. And where he thinks it will end up before 2022 gets here.
No1 Property Guide is dedicated to providing affordable no or low deposit house and land packages to first home buyers, those who’ve owned before and investors alike. To discover your factual new home options, complete our simple pre-qualification form. Then a New Home Consultant will be in touch to discuss how we can help you.
“Welcome Darren, first of all, how has this year been for you and No1 Property Guide?”
Darren: This has been another busy year here at No1 Property Guide. With record-low interest rates and numerous grants available, many home buyers have taken advantage of the market to buy their new home. Of course, many renters still struggled to break the rental nightmare thanks to strict lending criteria and deposit requirements.
That’s where my no or low deposit new home system came in. My system, combined with the flourishing market, helped hundreds of renters become homeowners this year. And, there’s still another month or two left in the year that we can help renters achieve their dreams still!
“So, it’s safe to say the property market has been strong this year?”
Darren: Absolutely. Despite rising costs of land and construction, many home buyers took the leap into homeownership. And I applaud them. Getting in while you can is the most important step in escaping the rental nightmare.
So having the courage to take that step, even during a global pandemic, shows just how valuable becoming a homeowner is to renters across Australia.
“Have you noticed a shift towards areas or certain property types this year?”
Darren: The biggest shift I’ve noticed is the move towards regional areas, especially throughout South East Queensland. With COVID being far more of an issue in those tightly packed CBDs, and the general acceptance of working from home, many renters are able to move further out of the city without it impacting their lifestyle. This is obviously a great choice as land is cheaper and more accessible further out of the CBD. Which makes affording a new home much easier for home buyers.
On top of the move to regional areas, we saw an influx of people looking to escape the southern states and move into QLD. While No1 Property Guide can build across Australia, we’ve specialised in South East Queensland for many years.
And this year has been one of the biggest shifts of interstate migration I’ve ever seen personally. We’ve helped multiple clients escape their rental in NSW or VIC and build their dream house and land package up here in the Sunshine state.
“Were people looking for larger homes in general?”
Darren: Absolutely. Even before COVID, most home buyers were opting to go for a house and land package over an apartment or unit. Having multiple rooms and a backyard is important for many families and homeowners. And this trend only grew with the shift towards working from home and escaping the dense CBD.
Almost every client who comes to my team at No1 Property Guide is chasing a home for their future. They want a backyard, a swimming pool; they want the space to really spread out and enjoy life. I created my no or low deposit new home system to give renters the opportunity to achieve their homeownership dreams. My specialised pre-qualification system gives potential home buyers all their factual options from the start. It allows me and my team to create house and land package options that suit their needs and borrowing capacity.
“What do you think the residential property market can expect for the rest of 2021 & moving into 2022?”
Darren: It’s been a strong year for capital growth, and I don’t think that’s going to change. Many of my clients have seen their homes increase in value during the building phase, let alone the months and years afterwards. So, I think the end of 2021 will see another price surge.
But this price surge means it’s even more important for renters to take advantage of their situation and get into their own home as soon as possible. The longer you wait to get into the property market, the more you’ll end up paying. And the more you’ll have to compromise.
Getting your new home doesn’t mean you’re locked in for life. In fact, I’ve helped many first home buyers use their first home as a stepping stone to access bigger and better properties down the line.
Getting out of the rental nightmare and into your own home ASAP is key.
“Thanks for your time Darren, do you have any final thoughts for your 2021 property market review?”
Darren: The property market has seen some big changes over the last 12 months. And I don’t think it’s going to end anytime soon. Brisbane is hosting the Olympic games in 2032. So I expect to see some huge property growth throughout South East Queensland over the next decade. And once borders open to overseas students, Sydney, Melbourne and those southern states are going to see a resurgence. Especially for property investors.
Securing your new home or investment property today is the best way to ensure you can take advantage of capital growth tomorrow.
The best way to find out whether you can enter the market using my no or low deposit new home system is to complete my specialised pre-qualification form. From there, one of my New Home Consultants will get in touch with you to discuss your factual new home options.