Bega Property Market News

Buyers who have sold their property last year or have simply come into some money should find 2012 a great year to make a property purchase in Bega. It does not matter if one is looking for a new home or an investment property, buyers should be able to find deals waiting for them in the area.

The number of home loans approved by banks and other lenders during the month of November and December last year has gone beyond market expectations, making economists believe that 2012 will be a good year for property. We have already seen 2 rate cuts in late 2011 and further cuts are expected in early 2012. This will undoubtedly boost demand for home loans, as well as property, in the Bega Valley Shire.

NSW as a whole, has shown month by month improvements throughout 2011. Fingers crossed, this is a sign of good things to come.