Rising interest rates are discouraging “first home buyers” from entering the property ownership market and is keeping them in the rental market. This is great news for investors!
Property investors, who are not deterred by rising interest rates, can look forward to strong rental returns as larger numbers in the rental market keep rents from falling.
A survey released by e-choice recently found that 41 per cent of would-be first time property owners/investors would reconsider if rates rose by 2 per cent.
The buying trend is moving towards first home buyers pulling out of the property market and opting to rent, while investors who are in a position to grow their property portfolio will be dominant in the market place.
It is becoming too expensive for first time buyers to enter the property market, as well as money lent by banks being very stringent and tight during the approval process.
If you are one of these Investors looking to increase your portfolio contact our Sales Department or our Project Management division.
If you don’t currently have your assets professionally managed by our highly qualified team don’t delay contact Jodie Lester and she will give you 3 months commission FREE *
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