It seems that the state of the property investment market in Australia has clearly been misrepresented recently if the latest information from Corelogic is anything to judge by.
As many readers would be aware, there’s been quite a lot of media talk in recent times about the number of property investors who have decided to sell off their rental properties in response to tax changes and legislation requiring higher standards in property amenities.
What we haven’t seen reported is the increase in new property investors entering the market in response to rising rents and lower vacancy rates. However, a new report from Eliza Owen, the Head of Research at Corelogic, has provided some interesting insights into this statistic.
One interesting statistic is that loans for investment properties have increased substantially in the past year. Data from the Australian Bureau of Statistics shows that investor loans are up around 18.8 per cent annually, with the number of investor loan approvals hitting 212,000 in the year to September.
In an interesting snapshot of what is happening at the moment, Corelogic found that there were around 13,000 former rental properties that were listed for sale across Australia in October. This compared with over 18,000 new investor loans approved in the same month, suggesting that the overall number of investment properties actually increased during that time.
So, it seems that the number of Australians who are keen to secure their long term financial future through property investment might actually be growing, not shrinking.
Of course, as is always the case, smart investment in the property comes back to choosing the right property in the right area, then securing it for the right price. So if you would like to chat with one of the team at Ian Reid Buyer and Vendor Advocates about the different ways our team can assist you in your purchase plans, you can give us a call on 9430 0000.
You’ll also find lots of helpful tips for investors in our free booklet, “WINNING BUYER STRATEGIES” so be sure to download a copy while you’re here.
10/24/2024 
