Is it the right time to invest in properties?

Is it the right time to invest in properties?

With so much going on in property and financial space for example, RBA reducing interest rates to its record low it’s time for investors to get off the fence and start taking action in real estate markets.

In a recent interview between Tyron Hyde (CEO Washington Brown) and leading property analytics researcher Terry Ryder (Owner and Creator of Hotspotting) they indicated that the revival in major city markets since May has been largely driven by owner-occupier buyers, with investors sitting on the fence and watching events unfold.

In addition, he noted that he turnaround since May has been profound. Investors exited the Sydney and Melbourne markets in droves last year as it became evident that the boom in those cities had expired.

Vacancy rates

Melbourne is a little higher but still only 2%. Canberra vacancies are up but remain just 1.2%.

Rentals

Residential rents have risen in all capital cities except Sydney in the past year. Figures from Domain and SQM Research confirm the biggest growth has been in Hobart, which has the lowest vacancies. Rents are up 3-4-5% in Canberra, Adelaide and Perth, while Brisbane and Melbourne are up slightly.

Money in your pocket!

Clearance rates

SQM’s Prices Index early in October recorded monthly price rises in Sydney, Melbourne, Brisbane, Adelaide, Canberra and Hobart. In annual terms, there’s evidence of price uplift in Brisbane, Adelaide, Canberra, Hobart and even in Darwin. Sydney and Melbourne remained down in annual terms, but only by 1-2%, much better than six months earlier. There have been strong rises in many regional markets also.

Investors drifted away from real estate in 2018 and early 2019 because it seemed the growth party was over. The latest lending figures showed the first signs of investors returning to the market. The Third cut to the RBA’s cash rate this year has ignited a rate war with the majority of lenders reducing their variable rates to historical lows. See the latest list by eChoice, of some of the lenders who have passed the rate cut to eligible customers like you.

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