While debates rage on about the future effects of recent RBA cuts, investors seem to be taking an optimistic view with a recent poll showing the majority plan to invest over the next 12 months.
A Loan Market poll has found 88% of respondents intended to invest in property within the next 12 months. Fifty-one per cent said they were looking seriously at property, while 37% said they were interested, but wanted to ensure their employment was secure.
Only 5% of the survey's respondents said they had no plans to invest in property, while 7% said they would sooner invest in shares.
A Loan Market spokesperson said consumer confidence was finally receiving a boost after successive RBA cuts.
"These rate cuts have also taken the variable interest rates offered by most lenders down below the 6.0 per cent mark. Homeowners are seeing significant reductions in their mortgage repayments while there are very competitive rates on offer for those looking to enter the property market," he said.
Do you have more than $200k in your super fund? You could use your super to buy property - Find out how
Top Suburbs :
Get help with your investment property
Do you need help finding the right loan for your investment?
When investing in property, it is important to make sure that you not only have the lowest available rate that you can get, but also have the correct loan features for your needs.
Just fill in a few details below and we'll then arrange for a local Aussie Mortgage Broker to contact you and work out what features or types of loans are right for your needs. We'll even help with the paperwork. Plus an appointment is free.
We value your privacy and treat all your information seriously - you can check out