Thursday, September 08, 2016

Investors, want to add to your portfolio? Now is the time to act.

The days are getting longer, the weather is warming up and gardens are coming to life. Spring is officially here and sales agents across Australia are preparing for what is typically the busiest period in our industry.

This is the time of year where homes start looking their best and we begin to see an increase in activity in the property market. There are more properties available to buy, 
and purchasers finally start to experience some relief, following the lower stock levels seen over the winter months. So what does this mean for investors looking to add to their portfolio?

Now is the time to act. And here's why...

More options.

As we head into spring there is generally more choice in the market. Not only in terms of the number of properties available in your price range and chosen area, but also the property type that you might be interested in (for example townhouses or units). This gives you a greater ability to 'crunch the numbers' and compare the different types of properties on offer to ensure that the investment fundamentals add up. 

Capture the busy period.

Purchasing a property in spring provides the right amount of time to prepare your new investment to hit the rental market. With typical settlement periods of 30, 60 or 90 days on your property purchase, you are in the prime position to make the most of the December/January peak rental period. This includes planning a marketing strategy to ensure you can make the most of the 'new year rush'. This is the time of year where we see the largest amount of activity from tenants looking to secure a new home, and you can capitalise on the relocation activity that occurs. 

Interest rates.

With the Reserve Bank of Australia keeping the official cash rate on hold this month at 1.5%, they remain at the lowest levels we have seen. With home loan rates starting from 3.7%, funding is as affordable as ever and is helping investors achieve optimal returns.

So if you're thinking about entering the property investment market or perhaps boosting your property portfolio, now is the ideal time. Our Property Investment team are here to help guide you through the investing steps, so you can make the most of the current buying conditions.

For a confidential chat, please feel free to 
give me a call personally on 0413 594 285. 
We'd love to help you achieve your investment goals this spring!

Suzannah Toop

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