Hi my husband and I live in inner city melbourne where house prices are going through the roof (we are about 4 kms from the city). We are looking to buy to upgrade within the same area but are getting different advice on when we should sell. If we do sell now, would it be end of Nov/early december (takes about six weeks to get to the auction date) when the elections are looming together with interest rate rises? What are people's thoughts on the current climate before and after the elections?
Some agents say buy now on a long settlement and sell in the new year, some say we should sell first.. What are people's thoughts?
Thanks
VanessaHi Vanessa, I would purchase now with a long settlement. I can't see peoples confidence being put off much at this stage. I think people will be feeling a bit nervous in about a year.
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