“There’s no better time than now to invest in residential property.”
That’s the message from more than 1,000 Australian property investors who took part in the 2016 PIPA Property Investor Sentiment Survey.
Up by five per cent on last year, 70 per cent of respondents think now is a good time to invest in property.
Undeterred by media focus on negative gearing and price bubbles, investors prefer to view property as part of a long-term investment strategy.
For those of you who aren’t yet there with a long term investment strategy, try our free 6-week Money Management Course for advice on setting yourself up.
Where are investors looking?
Brisbane remains an attractive property market for investors, with 50 per cent believing it offers the best investment prospects. Although suffering an 8 per cent drop in popularity compared with last year, Brisbane still remains far ahead of any other capital city (Melbourne 20%, Sydney 11%, Adelaide 9%).
Where to start?
Not surprisingly, the benefits of using a mortgage broker are clearly demonstrated in the survey. From this survey, 65 per cent of respondents secured their last investment through a broker and 71 per cent plan to use a mortgage broker for their next investment loan.
Helping to secure appropriate finance and the best home loan deal is all part of the value that investors have come to expect of mortgage brokers.
Coupled with professional money coaches, this could mean that you’re paying your mortgage off effectively and efficiently, whilst also ensuring you’ve got the best loan rate possible. Why pay more interest than you need to?
What can I do?
Nobody likes rejection, especially when it comes to home loan applications. Here is where we can help. Our professional money coaches can help you make sure that your credit check, overall cash flow and repayment schedules are all in tip-top shape come application time for that dream property of yours. Just like you wouldn’t run a marathon without training for it, you can make sure your finances are in the best shape possible before committing to a mortgage. With our free tips, eBooks, tools and calculators, you’ll soon find that you’re feeling much better about your finances!
If you have any questions about the above or would like more information on managing your mortgage and overall cashflow, feel free to get in touch with one of our Money Coaches for a chat.