Real-estate professionals have already been urging property investors to have in quick to buy investment property and beat the rush as cashed up baby boomers transfer their wealth from the stock market to the real estate market. This could seem such as a reasonable claim as much Australians;
especially those around retirement feel that they understand real-estate as in investment. It is something that they can see and touch where because the stock market is something that works in mysterious methods they don’t fully understand. The decline in share prices across the globe during the last 18 months has entrenched this location and there is a desire to safeguard what’s left of their retirement savings as opposed to being burnt by further declines in the stock market. real estate agent in airds
However on the basis of the latest lending data the anticipated increase in property investments is yet to materialise. As opposed to real-estate investors it’s first time owner occupiers who’re racing into the marketplace helped in part by government stimulus spending. Why are real-estate investors not doing exactly the same? You can find a number of reasons why investors may not be entering the property market.
Tougher lending criteria
Consequently of the Global Financial Crisis (GFC) banks have already been setting higher hurdles for investors (and owner occupiers) to qualify for a mortgage. No deposit loans which are in part blamed for evoking the sub-prime crisis are increasingly rare with many lenders buying minimum 20% deposit and proven lending history before providing mortgage finance.
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