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“Is Now A Good Time To Buy An Investment Property”

 

With the instability in world financial markets and the number of properties on the market, people have been asking ‘Is now a good time to buy an investment property?’ The answer is YES, now is certainly a good time to buy an investment property in Australia. This is the case, so long as you keep within the budget and borrow only what you can afford.

Now is a good time to buy an Investment Property!

Why?

One reason why now is a good time to buy an investment property is that the housing prices have stagnated or decreased slightly in most areas. As more investment properties are up for sale on the housing market, house prices, house prices (in most areas) are staying down and increasing only slightly in some areas. Also, property investors are in a better position to bargain with the property owner to reduce the price more. With lower house prices your investment property will be more affordable this year than it would have been before the Global Financial Crisis began many years ago.

Another reason why now it is a good time to buy an investment property is that the interest rates are relatively low compared to previous years and they are not likely to be increased with the next three to four months. Instead, some financial analysts expect interest rates to drop slightly. These lower interest rates can make home loans more affordable. With lower interest rates and lower house prices, buying an investment property can be more affordable, thus now is a good time to buy an investment property.

For successful investment ensure that you are ready for invest for the long term as long term investment (rather than the short term) can create wealth (using the power of compounding).

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