Right time to buy

Twenty six per cent of, or one out of four, homeowners are keen in a second investment property, according to a new data. Of their numbers, 28 per cent have been homeowners for the last three to five years.

Investors are also considering getting into the real estate investment. Market volatility and other factors offer them the chance to buy a second property. Competition in the mortgage industry is still tight, and there are many attractive home loan deals available.

The latest data was culled from responses of more than 1000 individuals polled. A total of 42 per cent of the respondents believed that the interest rates is a key factor over a decision for a home loan. However, potential property buyers are cautious, yet it is an excellent timing to pick up on an investment property.

According to the finance group that conducted the research, people are hesitant to borrow loans due to the current global economic uncertainty. Yet, now is probably the right timing due to drop in housing prices in some areas.

Currently, the inflation levels are under control while unemployment levels are stable.

People are saving much more now than before. They have greater capacity amid interest rates featured with recent drops, which are working in their favor.

Now with the most recent .50 points drop, it is even more attractive to buy. I believe the market is going to be quick to heat up.

Take two steps forward when the market seems gloomy and no one is buying. Stride backward when things are turning hot and everyone is competing to buy property. Thats my Zig Zag investment strategy, whens others Zig I Zag. When they Zag I Zig!

“Do not wait to strike till the iron is hot; but make it hot by striking.”
Famous quote by William B. Sprague

Are you feeling aloof to get into the market? Call us today to discuss buying a property at Below Market Value (BMV) prices 1300 533 713.