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.
HOME BUYERS were on the hunt in strong numbers across Australia again today. The Ray White Group, which accounted for 30 per cent of all auction stock this week, today recorded its best week ever by way of registered and active bidders across the country. The group’s data recorded six … Read more
A local buyer has secured a coveted piece of Black Rock’s Golden Triangle precinct, buying a five-bedroom house at a rapid-fire virtual auction for $2.76 million – $360,000 more than the top end of the asking price range. Two persistent bidders battled it out for the house at 12 Glenmore Crescent, … Read more