Greenbank prices push over $1 million: what it means for first home buyers
Prices in Greenbank and surrounding areas are about to hit a million dollars, making it harder for first-home buyers to find affordable options.
Full transcript
Prices in Greenbank are hitting a million dollars. Bang, bang, bang, bang, bang, bang. So what that means is if you were looking at buying in Greenbank this time last year, you were under the million dollar price cap. Now, if you're looking to buy it now, unfortunately, this area is now pushed beyond it.
Now, it's not just Greenbank that this is happening. This is happening in the Western Corridor, the Northern Corridor, it's happening in the Southern Corridor. Prices are just about to push over a million dollars in multiple locations.
If you're a first home buyer and you've been sitting on the fence, yes, you may still be able to be approved, but it's not going to be in the same area that you want to be right now. So if you've been thinking about it, take the opportunity, get into the market now, because we haven't seen prices grow at this pace, not since COVID.