Tips on property investment in Melbourne Australia
Beneath the dark clouds of this financial storm, global current account imbalances have been decreasing, global FDI inflows reached a record 1.8 trillion dollars in 2007, oil and food prices have started to come down and emerging economies ─ while slowing ─ are still showing remarkable stability and resilience.
Should we invest? This is always a tough decision especially in the current climate. Are there opportunities for property investors during this financial crisis? Where are they? Continue reading ‘Can the financial crisis benefit Property Investors?’
World growth may be slowing but this slowing needs to be kept in perspective. Growth of 3½% is still stronger than in 2001, 2002 and 2003. In 2001, global growth more than halved to only 2.1%.
House price inflation is slowing in some countries. US house prices fell by 16% over the year to April (Case Schiller Index); and UK house prices were down by 6% over the year to May (Halifax Index).
In contrast, median house prices in Australia have continued to rise, with an increase in the national median house price of 13% over the year to March. Continue reading ’140,000 future residents, falling % rates, limited land supply, Guaranteed Capital Growth!’
Home loans may have slowed, however investors are returning to the market according to mortgage company, Australian Finance Group (AFG).
In Melbourne, investment mortgage sales surged by 28.7%. Borrowers have shunned fixed rate loans, with sales plunging by 25% on expectations that the rate rise cycle has already reached its peak.
Continue reading ‘Investment Loan segment gathering Momentum’
