Property investment continues to be a good option
Property investment is again on the rise as investor confidence continues to grow in the light of the current volatility in the Australian and international stock markets, according LJ Hooker sales agents and property managers as well as increased activity of buyers and sellers.
These factors, combined with lower interest rates, expected population increases in some areas, and a continued strong economic outlook means there is now stability and greater confidence in our property market.
The Reserve Bank of Australia’s rate cuts over the recent months has investors eagerly looking at a first purchase of investment property or adding to their property investment portfolio.
The rate cuts along with the competition between the banks are great news for those waiting to get back into the residential property sector and should boost demand for property by investors and owner-occupiers alike.
With each rate cut, real estate is becoming a more and more attractive long term option.
This makes now an opportune time, especially for families who are looking at property as a long term investment and want to expand their portfolio to match their projected needs.
As demand for rental properties continues, consistent yields from investment properties are the attraction for investors.