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Now is a great time for your clients to consider buying an investment property by using the equity in their existing home as security to finance a second property purchase.
The outlook for the property market in Western Australia for 2015 continues to look positive based on very low interest rates and a sound economy.
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It is now estimated that one in every five homebuyers in Western Australia are investors who are taking advantage of rising property values to buy investment properties.
A very important financial dividend of rising property values in Western Australia over the last 18 months has been growing equity levels, which gives more homeowners the ability to consider buying a second investment property.
Many of your clients may be surprised to learn how much equity they now have in their own home.
It is significant that the lower and middle sectors of the housing market have performed well during the past year, with many of these areas rising at a faster rate than the overall median house price during the past 18 months.
For example, homes in a large number of lower- and middle-priced areas have risen in value by over 10 per cent during the past 12-18 months.
Rising property values is important for investors because it means they can use the increasing equity in their home to purchase an investment property.
Many of your clients would be unaware that they can use the equity in their existing owner-occupied home as a form of deposit or security to purchase an investment property.
Investing in property has proven a good long-term, secure investment for many people in Western Australia. Your clients should seriously consider the possibility of taking out a second home loan to buy an investment property based on the growth in their equity in their home.
Shane Kempton, chief executive for WA & NT, Professionals Real Estate
Shane Kempton is an experienced, well-respected real estate identity and chief executive committed to effective development of teams. His reputation is built on honesty, integrity, confidentiality and ethics, all highly valued traits of this influential leader.
After a dedicated five-year career within the military, including working with the SAS, Shane built a highly successful career within the property and construction sectors, including being the former chief executive of one of Western Australia's leading real estate groups, part-owner of the number one office of an opposing national real estate brand, a successful sales career in his own right, business coach and performance trainer.
The former chairman of Joondalup Brothers Rugby Union Football Club and current WA president of an ex-service organisation, Shane has provided advocacy and support services to current serving and veterans and families of the Australian Defence Force. Community involvement is something that comes naturally to Shane.
He is passionate about developing people to their full potential, ensuring they are the best skilled, trained and resourced in the industry, whilst maintaining a great work-life balance.
