Credit restrictions have been the biggest challenge in the property market over the past 18 months. Even good quality loan applicants have had to wait longer for approval (often missing out on the property they want in the process) and/or adjust their budgets due to unexpected finance limits.
No changes to negative gearing and Capital Gains Tax (CGT); the RBA interest rate cut; and APRA’s decision to lower the interest rate benchmark used for new loan serviceability tests is a trifecta of positivity for the property market.
All of this means greater borrowing capacity!
Now is a great time to buy an investment property, and our market represents a great opportunity for investing.
The Burleigh Heads vacancy rate was recorded last month at 2.12%, and Burleigh Waters 1.13%, putting our rental market in the tightest category.
This is good news if you’re looking for a tenant to fill your new investment, with strong demand from renters eager to enjoy our region’s relaxed lifestyle.
We have a of properties available, whether you’re an entry-level investor, looking for a fixer-upper or want to add to your existing portfolio.