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Is it still attractive to buy apartments off the plan?

An important aspect of investing in property is risk management and the current volatility in the lending markets is detracting investors from buying off the plan apartments.

Sacrifice necessary for 7 out of 10 investors

Figures from Mortgage Choice’s 2016 investor survey shows that 69.4% of Australian real estate investors made some sort of lifestyle sacrifice to allow them to afford an investment property.   That figure is up from 68.5% compared to the 2015 survey.   Mortgage Choice chief executive John Flavell said given current conditions in the real estate market it’s easy to see why investors are making sacrifices.   “Data from CoreLogic found property values climbed 8.3% across the combined capital cities over the last 12 months. While some capital cities performed better than others in terms of property price growth, it is fair to say that most markets have enjoyed an upswing in values over the last few years,” Flavell said.

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