May Newsletter
The rescue package for property investors
There’s a stirring in the market. Have you noticed?
It’s not just first homebuyers who are causing it either. Although they’re certainly out there in force, as I witnessed firsthand when I went along to a few open inspections for properties that were in the lower price range. Besides the real estate agents, hubby and I were the oldest people there!
Other buyers are also showing an interest in the property market. Agents and mortgage brokers are telling API that homeowners looking to upgrade and investors looking for bargains have started coming off the sidelines. And why wouldn’t they, when interest rates are so low and rental yields comparatively high.
Even the top end of the market, which has attracted plenty of negative sentiment throughout this economic downturn, is throwing up unique investment opportunities.
Click here to continue reading.
Regards
Eynas Brodie
Editor, API magazine
In this newsletter...
The rental vacancy rate at the top end of Australia’s capital city property markets has climbed but cheaper locations remain tight, SQM Research has found.
Read more
The Real Estate Institute of Australia is urging the Federal Government to extend its First Home Owner Boost beyond June 30, when the expanded grant scheme is due to end.
Read more
Consumer advocacy group CHOICE is calling for manufacturers and retailers to be obliged to ensure pool fences meet safety standards, after its research found five out of 16 fences failed to meet benchmarks for strength and rigidity.
Read more
Homeowners with a mortgage of up to half a million dollars will be able to seek assistance from their lender under fresh changes designed to help people hold onto their homes if they hit financial difficulties.
Read more
Mortgage brokers will need to be licensed by the corporate watchdog by the end of the year and could face hefty fines and the removal of their licence for misconduct, under wholesale changes planned for Australia’s credit licensing regime.
Read more
A millionaire decides to throw a massive party for his 50th birthday.
Read more
