Get notifications in real-time for staying up to date with content that matters to you.
Current property conditions are prime for investment but buyers should move quickly if they want to beat price increases, according to Mortgage Choice.
The listed broking group said low interest rates and rising rental yields had created an ideal time for investors to consider the property market and savvy investors were starting to make their move.
“We are seeing a fairly unique combination of positive factors at play in the Australian property market,” Mortgage Choice senior corporate affairs manager Kristy Sheppard said.
A report released by QBE-LMI earlier this week showed the differential between loan rates and rental yields is now around 2 per cent – a sure drawcard for property investors.
However low interest rates and high levels of first home buyer activity could make the market increasingly competitive, Mortgage Choice warned.
“Those with experience know that increased competition may soon drive property prices higher, making investing less appealing. So now is a great time to consider getting into the game and make the most of the current situation.”
Who do you aggregate through?
Thank you for your vote, you can see the results here.
Cashback offers driving new consumer behaviour
More borrowers are looking at refinancing to take advantage of sh...
FBAA warns against volume-based incentives
The Finance Brokers Association of Australia has urged lenders to...
Why COVID-19 broking trends are here to stay
Loan Market executive chairman Sam White has commended brokers fo...
The number one magazine for mortgage brokers
The Adviser is the number one magazine for Australia's finance and mortgage brokers. The publications delivers news, analysis, business intelligence, sales and marketing strategies, research and key target reports to an audience of professional mortgage and finance brokers
As Australia tries to keep pace with a rapidly changing business and social landscape in the wake of COVID-19, Momentum Media is leading the way delivering essential content to our communities, writes Alex Whitlock, director of The Adviser.
Receive breaking news direct to your inbox each day
