Donâ€™t get left in the shade this summer
With many economists predicting the official cash rate to remain low for some time, this summer could be a great time to consider an investment property purchase.
The Reserve Bank held the cash rate at the record low of 2.5% at its December meeting - it’s 16th consecutive month of stability. And economists are now suggesting rates are set to remain low for some time to come.
Over the years, well-selected property has certainly proven to be a strong asset choice, with values growing over time. Research by ASX and Russell Investment`s for example, recently showed residential property delivered more steady gross returns over the 20 years to December 2013, compared to shares, returning 9.9 per cent per annum. The current high demand for property is certainly highlighting the investment potential of real estate, recognised by investors across the country, creating strong competition.
Get organised and build your knowledge:
Understanding the power of pre-approvals, and accessing a free income and equity assessment can be important tools in your back pocket. That’s where the LJ Hooker group gives you an edge. Our property lending specialists guide you on investment lending cash flow structure. Our real estate experts provide you with property reports to assist with your research, and then match that with property selections both here and overseas. We work hard so you don’t have to.
Hit the pavement:
With the sun shining, summer is a great time to visit a lot of open for inspections and really shop around to get the property you want. It’s also typically a good time to negotiate a good property price – with many potential buyers on vacation, the market may not be as crowded as in spring, and vendors will often be keen to settle a sale quickly before the new school year
So don’t get left in the shade – act now to secure yourself a property this summer! Speak to us about accessing our free property buying and financing services via LJ Hooker Home Loans.