Ensure you never miss an issue of the
real estate business bulletin
FHBs make way for investors

FHBs make way for investors

by Reporter 0 comments

Investor activity is ramping up, with Aussie Home Loans recording a 32 per cent increase in the number of investor enquiries via their website.

Aussie founder and executive chairman Mr John Symond said as of Thursday the $14,000 grant for established homes is reduced to $10,500, and from $21,000 down to $14,000 for new homes.

“Investors have been patiently waiting on the sidelines to see what happens after the First Home Owner’s Grant is reduced,” Mr Symond said.

“There has been a price bubble created in some areas as first home buyers have paid over the odds for their properties.  For investors in that same price range, it has been prudent to sit back and wait for the grant to be reduced.”

Mr Symond said a number of factors had come into play making it a good time to enter the property investment market.

“Increased consumer confidence, high rental yields and a continued shortage of housing is pointing to a “perfect storm” of conditions for property investors,” he said.

le>.b-autolinks{text-decoration:underline}.b-autolinkshadowbox { display: inline; position: relative; cursor: pointer; color: #428bca;} .b-autolinkshadowbox:hover > span { display: block !important; } .b-autolinkshadowbox__links { white-space: nowrap; z-index: 999; display: none; left: 0; border: 1px solid #bfbfbf; border-radius: 5px; font-size: 12px; top: 12px;color: #000; padding: 10px; position: absolute; background-color: #FFF; box-shadow: 0px 0px 20px 1px #bfbfbf; } .b-autolinkshadowbox__links > a { display: block; padding: 3px 0; }
FHBs make way for investors
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
The difference between an average agent and one who dominates

McGrath Crows Nest’s Peter Chauncy is number 10 in this year’s REB Top 100 Agents ranking. Peter, however, is more likely not surprised ...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?