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    Reasons Why the Present Real Estate Boom Is Far From Over in Oatlands

    Oatlands real estate

    There has been an increasing trend in real estate purchases in the past few years. Houses have been selling like hotcakes, so to speak, and many have claimed that this real estate boom is far from being over. There are a few reasons that have been mentioned which give some insight into the current real estate market and why real estate sales are not most likely to reduce for some time to come.

    Remember we have offices in North Parramatta, Dundas, Telopea, Rydalmere, Carlingford, Camellia, Rosehill, Dundas Valley, Northmead, Parramatta and Oatlands

    Structure Business Not Booming As Much As Real Estate Sales in Oatlands

    There are many reasons why the real estate market decreases. One such reason is due to an over-expansion of homes for sale. Although the house building business has been quite lucrative, it still has a methods to enter order to overtake real estate sales. This is an advantage because there are not quite adequate houses to meet the current need which will keep the market growing for some time. So long as the supply does not swallow the need, the real estate market will continue to flourish.

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    Interest Rates Stay Reasonable

    While interest rates have increased somewhat when compared to the past number of years they are still fairly low and make lots of people wish to purchase a home. These appealing rates assist keep the real estate market going because the majority of individuals need loans to purchase homes and low-interest rates make the total purchase more economical. So long as the interest rates remain somewhat stable, prospective property buyers will still be revealing great interest in the purchase of a home simply because low-interest rates make the investment more budget friendly. 

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    Length of the ARM Fixed Rate Portion Is Increasing

    For those who have adjustable-rate mortgages (ARMs), they may have fretted about the adjustable rate part when their fixed rate part was depleted. Just recently the fixed-rate part of the ARM has been increasing with regard to the length of years in which it is active. This has resulted in supporting the real estate market and has also attracted individuals to purchase a home via an ARM that has this new lengthier fixed-rate period.

    Turning of Real Estate in OatlandsNot As Prevalent As It May Seem

    Some individuals have been concerned that turning of real estate, which is the purchase and quick sale of the real estate afterwards, is something that may trigger the real estate bubble to burst. However, those who have expressed issue can rest easy knowing that the portion increase with regard to turning from 1998 to 2003 is only 1%. When viewing the total scheme of things, a 1% increase within 5 years is not something that ought to trigger excessive issue.

    The real estate market has been doing quite well in the past few years and the above factors combine to make what some belief is a real estate bubble that makes certain to burst. Whether this real estate boom continues for a long period of time to come is something which stays to be seen. However, the real estate market appears to be remaining consistent and while house rates may continue going up supply is not exceeding need and individuals keep purchasing. So, only the future will reveal when the real estate market begins slowing down.

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