The Biking Broker Newsletter - 15th June 2009

Things are looking up for property investing

There are a combination of factors evolving that indicate now is a great time to invest in property.

In my newsletter of the 2nd of June, I noted that due in part to lower than expected trade deficit figures (the lowest since December 2001, the RBA left interest rates on hold at 3.0% for the second month in a row. The other factor may have been that home prices have risen across Australia in the 4 months to the end of April by 2.8%, as measured by the RP Data-Rismark Hedonic Australian Home Value Index – the largest property database in Australia. Increases in housing prices may be the prompt for investors to get back in housing the game, which may slow the recovery in the share market.

For a full analysis on housing price movements from CommSec Read more>>

The Commonwealth Bank put its variable and fixed rates up today. Some analysts are saying this is due to the perception at CBA that the rate cycle has bottomed. Read more>>

Today, Westpac have announced fixed rates will increase effective tomorrow, 16 June, 2009, by up to 0.50% citing costs of funding. Premier Advantage Package clients can fix and split their loans at no charge.

If you haven’t got into this cycle of the property market yet, you may find it harder and harder to do so as rates increase and property prices start moving upwards

If you’d like to talk to me about how you can afford to get into the investment property market now, Call Me. I can show you how to leverage the equity you have in your current property to make a new purchase and refer you to a quality sources of investment properties both locally, in Queensland and interstate.