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Existing investment property owners who don’t need to access equity should be ignoring negative headlines and taking a "hold and wait" stance.
There is no need to panic or try to realise the investment; property will bounce back as it always has.
The statutory fees associated with acquisition plus the tax payable and agent costs associated with selling up require property to be viewed as a long-term investment.
Those looking to purchase should be excited about the prospects of today’s advantageous market, which is generally offering a far lower entry point than observed over the last few months at least.
Other favourable factors include higher than average property listings, reduced buyer competition, increased vendor discounting, heated competition between lenders for home loan customers, tight rental vacancy rates and rising rents. When it comes to property choice, the basics remain: take time to conduct thorough research into both the home loan and property markets and with the latter focus on position, position, position.
The fundamentals don’t change in an opportune market.
Michael Russell is CEO of <a target="_blank" title="Mortgage Choice" href="https://www.mortgagechoice.com.au/">Mortgage Choice.</a>
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Michael Russell

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