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Property Real-Estate investors and Finance Brokerages enjoy low interest rates

Posted in Updates @ Feb 27th 2014 7:04am - By Garry Larden

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Finance brokerages and property investors are benefiting from improved conditions in the property real-estate market with the number of loan settlements expected to be even higher over the coming twelve months, and with strong conditions in the housing market and historically low interest rates the future looks rosy.

Property investors in particular are taking advantage of Australian interest rates which are sitting at historically low levels and the major banks and lending institutions are competing for new mortgage customers so it’s inevitable that we will see increasing movement in the property real-estate sectors.

A resurgent housing market has boosted the earnings of many of the country's biggest mortgage brokers with reported net profits of $11 million for the six months to December for one brokerage alone, this is up 46% from a year earlier.

Even though there are job cuts forecast for the auto industry and Qantas which has made consumers a little cautious, the demand for home loans remained very strong.

There will eventually be rate rises in the future but it’s quite clear that the positives well outweigh the negatives as the real estate sector strengthens and the property market continues to grow.

With the Australian population constantly escalating and migration numbers continuing to climb the number of dwellings needed is obvious as they will all need a roof over their heads.

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