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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.”
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