News
Is now a good time to buy an investment property?
The RBA left its official cash rate unchanged at 3.75 per cent after its monthly board meeting on Tuesday.
Previously the banks have pushed up rates in contrast to the RBA’s decision; however the four major banks, National Australia Bank, Westpac, Commonwealth Bank and ANZ, said they would leave interest rates steady for the moment. With interest rates still at record lows, it is now an opportune time to make the most of these conditions.
Many people are asking the question - is it a good time to purchase an investment property? According to Residex “It is never the wrong time to buy a property. However that statement comes with a caveat that it is only true provided you pay the right price for a property. The right price is the real market price.” One of the most important things to bear in mind when deciding to buy an investment property is whether or not you are ready, both financially and in terms of your understanding of the process. It is important to speak to your financial adviser to determine your individual circumstances.
For those thinking of investing in property there are a number of important factors to consider. We have put together an investment property checklist which outlines step by step what you need to consider when purchasing a property.
Units
- $215,000
- $229,900
- $245,000
- $259,000
- from $279,000
- $229,000
- $229,000
- $298,000
Houses
If you’re considering the purchase of an investment property or would like us to manage your investment, why not contact Gary Brown, our Property Investment Consultant, to assist you with a rental appraisal. Phone Gary on 69 211 555 or send him an email.