Property Investor Activity Surges
The official data confirms what you might’ve heard anecdotally – property investors are very active right now.
Property investors took out $33.7 billion of home loans in January, according to the Australian Bureau of Statistics, marking the second consecutive month in which investors set a borrowing record.
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Queensland = up 94% over the year to January
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South Australia = 81%
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Victoria = 67%
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New South Wales = 64%
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Western Australia = 56%
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ACT = 42%
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Northern Territory = 33%
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Tasmania = 32%
Australia’s vacancy rate (the share of untenanted rental properties) is at an incredibly low 1.1%, according to the latest data from Domain.
That means most property investors are finding it easy to secure quality tenants. It also gives many investors the chance to raise rents, because demand for rental accommodation is so high right now.
Give me a call if you are thinking of investing in properties.
When you visit a broker, the broker will compare interest rates, loan features, and borrowing criteria from a range of lenders. The broker will also negotiate with lenders on your behalf. That significantly increases your chances of getting a great loan that’s tailored to your unique circumstances.
Dream Catchers Lending is an MFAA-accredited member. We can assist with finding the right type of finance for you. Feel free to book an obligation-free virtual appointment or leave us your details.