Aussies return to the investment property
Article by Mozo
With an abundance of low-interest home loans on the market, Australians are cautiously dipping their toes back into the investment property pool, figures indicate.
According to the Australian, this confidence may help to pull the housing market out of its slump and put it on the road to recovery as new home loans are seized upon.
“There is a real possibility we will see positively geared properties emerging this year in the affordable markets of the southern capitalsm,” reckons Louis Christopher, managing director of SQM Research.
However, for those who are considering becoming a landlord, the property expert warns that investors are going to need a lot of cash behind them if they are to stand a chance of bagging themselves a low-interest home loan, as banks have become decidedly cautious about handing out 100 per cent loans.
Elsewhere, the Sydney Morning Herald’s resident money guru David Koch has warned that banks are going to need to reopen their lending shops if Australia is to avoid the worst of the global financial crisis.
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