Everyone feels the need to have a home but buying or building a brand new property might be hard for some. Buy what you can afford and over time you can work on a renovation schedule that turns the house into a great home. #FirstHome #Renovation #NewHome #Mortgage #Investment
“The current new home building boom is unlike any other that has come before it. It is the longest and largest in Australia’s history and has provided an unprecedented economic boost to the nation, without which domestic demand would be in or close to recession,” HIA chief economist Harley Dale said.
But as new home construction is expected to bottom out, HIA’s national outlook predicts a recovery in renovation work. Buying a rundown home that is in need of a little TLC makes a smart investment.
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