Is now a good time for a new house?

Wednesday 05 November 2008

Article by Mozo

A slowdown in the housing market may mean that now is a good time to search the various home loans on offer and invest in property.

As recession approaches, the most gains from buying a property could be made. Indeed the founder and boss of property investment firm Ironfish Joseph Chou told that history has shown recessions are an “excellent” time to buy a new house.

With proper research, there is always money to be made in the property sector, he said.

And managing director of the firm Damon Nagel added that there are signs showing that now is the best time to invest.

“Australia has an increasing population and a lack of housing supply. Property can only go one way based on these [facts] he said.

Finding a low interest <a href=”//">home loan may be a useful tool for those considering the benefits of investing in a new property at the current time.

Earlier this year, the news source noted that properties in regional Australia may turn out to grow in value more than those in cities, following research from real estate analyst Terry Ryder.ADNFCR-1761-ID-18868095-ADNFCR

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