Investing in property is an increasingly popular avenue for people to undertake as a way to supplement their income, and now could be the perfect time to invest in such a financial commitment.
According to the latest RP Data research blog, property investment financial commitment rates reached $8.4 billion in May – presenting a clear trend of investors getting in and grabbing a slice of the property pie.
These investment commitments have increased 23.7 per cent on a year-on year basis and indicate that this surging investor influx is showing no sign of slowing down.
One of the reasons for this is the Reserve Bank of Australia's decision to leave the cash rate at a historically low 2.75 per cent. This helped to lower home loan interest rates, making investment more affordable and in reach of more people than ever before.
However, first home buyer commitments have continued to drop. For example, May 2009 recorded 31.4 per cent of the total number of financial commitments to be first home buyers – in May this year, that percentage fell to just 14.6 per cent.
If you're looking to invest in Carnegie real estate, get in contact with Matthew Hurlston at Ray White Carnegie. An experienced auctioneer, Matthew will be able to help you secure a fantastic home deal and begin your journey along the property investment ladder.
Article Source : Click Here RBA holds cash rate steady as housing inflation proves stubborn. Rents and construction costs remain elevated despite tight policy, creating a paradox where higher rates slow demand but restrict housing supply growth. Nerida Conisbee Chief Economist More about Nerida Conisbee The Reserve Bank has held … Read more
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