14 Oct 2011
Taking that first step into the Everton Park real estate market is always a little confronting, and no matter what the current market is doing there will always be reasons that will make you believe that now is or isn’t a good time to buy property.
But if you are hesitant to get into the Everton Park real estate market due to apprehension about whether it will be a sound investment, then take a moment to think about the simple economics of supply and demand.
Everton Park’s population is continually growing, thanks to new developments and property prices in more inner suburbs pushing homeowners outwards.
This continued growth is creating a strong demand for property in Everton Park that is only set to go up over the coming years.
While new homes will be built to help accommodate our growing numbers, it’s unlikely that there will be enough new homes to help keep up with our suburbs’s growing demand.
If you take the simple economics of supply vs. demand and look at how it affects price in any industry, as demand increases and supply decreases, prices will inevitably go up.
Using that logic, it makes sense for buyers to get into the Everton Park real estate market before house prices rise further, and investors should look to the current real estate market as a real opportunity to get in while there are some bargain prices to be had.