Investors see merit in Aussie Property market
Low vacancy rates, share market volatility and reduced first home buyer demand is causing investors to flood back into the property market.
According to data from the Australian Bureau of Statistics, investors accounted for $7.99 billion worth of all home loans issued in April 2010 – a 1.5 per cent increase on the previous month.
“It is clear investors are taking the lead now, after the first home buyer generated boom of 2008 and 2009,” Raine & Horne chief executive officer Angus Raine said.
“It’s also fair to expect that jittery investors are shying away from the volatility of the share market, which has experienced plunging returns in April and May. They are looking for a less volatile asset class for their money, while a quality, well-located investment property can also deliver long term returns.”
Artice extract from The Adviser.
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