The quarantine market has led to an increase in first homebuyers searching for property online, with a 58 per cent increase in inquiries through in March, according to realestate.com.au.
REA Group chief economist Nerida Conisbee said it is a positive sign first homebuyers are still very active even though the pandemic will slow activity for them, investors and owner-occupiers alike.
“First homebuyer inquiry levels were up 58 per cent in March,” she said.
“Unlike investors, first homebuyers don’t like a fast-moving market and property is a game of confidence and we tend to see far less activity from first homebuyers when prices are increasing quickly,” she said.
“Over the last few months, there has been a lot more activity from first homebuyers as a result of the various state-based incentives and the 5 per cent deposit scheme … that is, until COVID-19 hit.”
Three of realestate.com.au’s most popular suburbs for property search in and around the Liverpool area during March – Edmondson Park, Leppington and Denham Court, are well suited to first homebuyers.
All three suburbs have new listings, many near-new builds, at price points under $700,000.
A four-bedroom package homein Leppington’s Orange Grove Estate, Lot 403 Radiant Street Leppington,(above) is currently priced at $624,900 and includes all site costs as well as an upgraded interior package.
In Denham Court, a two-year-old four-bedroom Meridian Home (below) on 252 sqm at 36 Brooklime Crescent, Denham Court is listed for sale at $669,000.
In Edmondson Park, the three-bedroom home on a 301 sqm corner block at 1 Webley Road, Edmondson Park (below) is on the market for between $650,000 – $680,000.
The home features a modern kitchen with gas cooktop, tidy backyard and porcelain tiles in the living areas and bedrooms.