10 May 2007

Property investment picking up in Australia

Favourable conditions in the Australian property market has caused a return of investors. According to official figures investment lending was on the rise in New South Wales during February.

Stable interest rates help investors to feel more confident in the market. Median rent rates are also up and the combination of low vacancy rates and increasing rents are a no-brainer for property-to-let buyers.

Growth is expected to sustain throughout this year and there is a positive outlook amongst the Australian finance community that recent changes could signal a revival of the market.

1 comment:

  1. I guess the big question is what will happen after this election if Labour gets in.

    Kevin Rudd is part of the left wing faction of Labour and as we know property prices certainly suffer under socialism not to mention interest rates.

    What do you think?