Property remains high on our investment radar
Bricks and mortar is still regarded as a solid investment option according to recent finance figures released by the Australian Bureau of Statistics.
In April, the total value of investment housing commitments rose by $98m, in comparison to March. The upward trend accounted for a 1.2% monthly increase.
In line with building approvals, more people sourced finance for existing homes for rent or resale rather than new dwellings for construction. Overall, there was an increase of $127m in finance sourced for existing home investments, while finance for new dwellings decreased by 3.3% ($15m).