According to API the market is now sitting at a 49 year low.

This article states:

Stevens stated how the downside risks to the global outlook have diminished but not disappeared, but Australia’s economic conditions in both consumer spending and exports have been stronger than expected.

“Measures of confidence have recovered a good deal of ground. This suggests that the risk of a severe contraction in the Australian economy has abated,” said Stevens.

This is a great time to buy!

Please contact me if I can help you more.