As first-time buyers withdraw from the market, smart investors are climbing
in. Why not join them? There’s never been a
better time to do so.
The first-home owners’ boost is winding down,
and investor interest is on the rise. According to
Australian Property Monitors, 672 properties were
scheduled to go to auction on the last Saturday of
September, 62 per cent of which were sold.*
As we recover from the economic downturn, property
prices have increased at an average of 1 per cent
per month since January. In addition, investor interest
is set to continue according to PRD Nationwide. In
a recent survey, PRD Nationwide found that almost
90 per cent of investors would purchase property in
the next two years.
The key reasons are:
- The market has bottomed and is climbing
- Consumer and business confidence is rising
- Australia’s economy leads the world
- Population growth is at an all-time high
- Housing development is way behind in terms of
what’s needed
- Australian property has performed through the
best and worst of times
Investors are on the hunt for ‘hotspots’
and according to the PRD Nationwide survey, more than
36 per cent of investors will look to purchase properties
located in the middle suburban ring. A further 33.7
per cent say they want to buy in the inner city, while
14.9 per cent are looking in the coastal areas, 7.9
per cent in the outer suburbs and 4.8 per cent in
the CBD.
The key message is that we are seeing an investment
opportunity that should not be missed. Getting in
on the ground floor will mean tremendous capital returns
in years to come, and for many investors, the opportunity
to retire with the income needed to support their
desired lifestyle. This could be you.
If you would like to learn more and discuss how McCarthy
Group can assist you, click
here.
* “Return of the Buyer”
Australian Financial Review, 2-4/10/09
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