Now a great time to purchase highly affordable property in Western Australia, and lock in future capital growth.
The latest Australian Bureau of Statistics data shows the total value of mortgage lending in July 2016 was $31.8 billion, or 1.8% lower than mortgage lending in June 2016, and down 4.1% from the peak of $33.2 billion recorded in April 2015.
Anyone can be a successful investor but it is critical you set your goals and start with the end in mind.
Ratings agency Standard & Poor's says that RMBS now represent around 10% of Australian housing credit funding and has been trending upward since 2009.
The feasibility of syndicate investment is being realised due to the trend of bank’s loosening lending requirements on retail, industrial and commercial property.
Banks will look to increase their rates at the next opportunity, most likely in the second half of the year once the election is out of the way.
The lending figures show that the macro prudential measures introduced are working and that owner occupiers are the dominant force in the stabilising market.
These have been confusing times for borrowers with banks lifting rates outside of the RBA’s deliberations and this looks like being the new normal going forward.
Lending figures confirm a continuing increase in owner occupier activity.
Only 16% of Australians know the interest rate they pay on their mortgage, according to research conducted by UBank.
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