Home loans customers to include more investors

Thursday 27 August 2009

Article by Mozo

More and more investors are expected to buy property, perhaps through the use of home loans, in the coming months.

This is according to an article published on news.au.com, which outlined the potential shortfall of activity once the Australian government withdraws its housing grants for first-time buyers.

However, it is anticipated that investors will step in to fill the potential vacuum in the market.

This is the opinion of Claudine Denevue, Professionals Real Estate group agency principal.

She said: "House-price growth will be fairly moderate, with a much slower global economy.

"We have avoided the 30 to 40 per cent drops of the US and UK because our economy was in far better shape than our peers at the start of this historic global recession."

Meanwhile, it was noted recently by LJ Hooker analyst David Maher that medium-priced houses are experiencing a relative boom in sales.

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