RP Data: Increased investment nationwide following low interest rates
The latest RP Data Weekly Property Pulse has highlighted the relationship between low interest rates and spikes in investment home loans, which could be great news for those interested in speaking with real estate agents in Burpengary and looking into buying in the region.
Over September, there was $11.9 billion worth of investor property commitments seen nationwide, with these buyers counting for 41.4 per cent of all housing finance transactions over the month. RP Data research analyst Cameron Kusher said that there was evidently a direct relationship between investor lending and low mortgage rates.
"Of course low mortgage rates occur in concert with low interest rates which mean cash savings get low returns, as a result investors push into other markets such as residential housing," said Mr Kusher in a 13 November statement.
"Investors in housing essentially have two options for generating a return from their investment; capital growth or rental return. While combined capital city home values increased by 8.9 per cent over the 12 months to October, total returns have been recorded at a higher 13.3 per cent."
With low interest rates on offer, the next few months could provide a prime time to get in touch with a real estate agent in Burpengary to expand your investment portfolio.