A changing marketplace
December 01, 2015
Recently released property figures provide an interesting insight into the changing marketplace.
Since APRA (The Australian Prudential Regulatory Authority) brought in restrictions to limit speculative investor spending, observers have been waiting to see whether it would have any impact on marketplace activity.
In short, it has: according to recent figures, of all the approved loans in August, 42% went to owner-occupiers while 39% went to investors. It was the first monthly indicator showing owner-occupiers had outnumbered investors since early 2014.
Indeed, from July to August, the number of owner-occupier loans rose eight percent.
Ensuring investors are absolutely capable of servicing a property’s mortgage repayments is not a bad thing. Its intention is to bring sustainability to the marketplace.
With the cash rate at a record low – and the Reserve Bank of Australia unlikely to make a sudden movement upward in the near future – now is the opaportune time for buyers and investors to consider their next property move. Why don’t you talk to your LJ Hooker property manager today about opportunities in your marketplace.
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