The election is over and property investors Australia-wide are breathing a sigh of relief that the proposed property tax changes have been tossed aside. Now we can get on with the job of investing!
This is why NOW is a great time to invest in property:
- lowest interest rates in over 50 years – with speculation that there will be a further rate cut in the next three months
weakening house prices – but increasing consumer confidence should see prices stabilising now - good supply of quality properties in growth areas – you just need to know where to look
first home buyer incentives including First Home Loan Deposit Scheme which allows first home buyers to purchase with a 5% deposit – this will stimulate demand and increase competition for properties - relaxing of lending rules – APRA’s work to tighten lending has served its purpose and they have announced that they will be winding back their ultra-conservative lending criteria, which is great news, particularly for investors
no changes to negative gearing or capital gains tax laws
Last week the Australian Financial Review reported, “Commonwealth Bank chief executive Matt Comyn revealed the number of home loan applications at the nation’s largest bank had surged to its highest level in more than six months.”
After months of uncertainty, buyers are now mobilising, interest is building, activity is happening, confidence is growing.
If you want to invest in property, now is the time to make it happen and we have great options of apartments, house and land or villas in high growth/high rental demand locations, with settlement dates anywhere from 6 weeks to 2 years.
Now is the time for action.
Take a look at two properties we just love – villas in Maroochydore on Queensland’s Sunshine Coast and apartments in Ascot Vale, Melbourne. Brief details below, and more to follow… Get in touch if you want to know more!
Happy investing.
Michael Rogers
Love Property
0416 049 226
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