The media property price in Greensborough for the March 2010 quarter was close to the state average, at $516,000 vs $524,ooo, according to recent results from the Real Estate Institute of Victoria (REIV).
Loan Market Greensborough mortgage broker, Peter Armstrong, said the property prices are an indication of the strength of the suburb, but that increases should not scare potential buyers awy.
“Home buyers, particularly first home buyers, are often looking for a bargain property, and feel that a suburb with prices close to the state average might not offer that,” said Peter.
“But the truth is, it’s not about the property price, but about your own personal finances.”
What this means, according to Peter, is that you need to understand your home loan options, and, more importantly, make sure you choose one that truly matches your needs.
“Not everyone needs the same in a home loan,” said Peter.
“And making sure your home loan is tailored to your needs means you are more likely to be able to buy where you want to buy, like Greensborough.”
Peter specialises in tailoring new home loans to suit individual situations, and helping existing borrowers get out of ‘ugly’ home loans into one that is more useful and cost-effective.
“I enjoy and get real satisfaction from refinancing a customer away from an “ugly” loan to the right for their needs now and into the future, including debt consolidation and providing the means for future investment.”
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