If you haven’t looked at investment home loan rates in Australia, you may be missing out on a lucrative opportunity. Australia is a hot commodity when it comes to buying real estate. Investors are arriving from far and wide, searching for the best locations along the Gold Coast and elsewhere. The market is rising, so make sure you get in now so you can buy low and get a great return on your investment.
What Makes Australia So Popular with Real Estate Investors?
There are a few factors that have come together to draw attention to Australia’s real estate market. This has created a thriving industry that can mean big payouts for savvy investors.
Lower Dollar Value
The Australian dollar has weakened compared to other currencies across the globe. While it may be worth less than the Euro or U.S. dollar, there is some good to come out of the decreased value. Tourism is increasing as travelers discover that Australia offers a budget-friendly getaway that’s just as good as other locales. Foreign investors are also paying attention and are getting involved in the real estate market.
Residential Demand is Growing While Supply is Shrinking
The bustling real estate market has also created a seller-friendly environment thanks to increased demand and shrinking supply. More buyers are searching for properties, which means you are more likely to see higher sale prices when selling. If you plan to flip houses, this can be a great thing. The higher demand can also impact rental fees which means you may be able to get more monthly income out of your investment.
Median House Prices Are On the Rise
The median house price has gone up all over Australia. Cities have seen a 5% or more increase since 2009. Some are particularly impressive, like a 34% increase in Melbourne over less than a year.
Finding the Best Investment Home Loan Rates
It’s important to remember to compare investment home loan rates before you choose a lender. Interest rates will impact the total amount you end up paying, so keeping them low can make a huge difference. Many lenders and online resources are available for potential property buyers who want to compare home loan rates.
Professional advice is a good way to increase your potential profits. Make sure you know which option is your best by getting an expert’s perspective on current investment home loan rates. Contact Seajay Mortgage Brokers to learn more about making every real estate investment dollar count.