Popular on Rezul
- Financial Solutions Inc. Receives the 2020 Best of Sheridan Wyoming Award - 108
- Julington Group Joins Florida Homes Realty & Mortgage
- City Streaming TV, a Streaming Television Inc Network Launches, bringing Community and Faith Leaders into local TV's, At No Cost
- Berkshire Hathaway HomeServices Florida Properties Group's 2020 Philanthropic Initiatives
- Dollyhood Records Signs Distribution Deal With Sony!
- IOTech names Gavin Hunter as VP of global marketing
- Fighting Pest Problems with The Safest Pest Control Dubai Residents Can Get
- BoatDealers.ca Surges with Record Traffic in 2020
- The UK's Leading Digital Marketing Agency, Finsbury Media Announces Employees Will Be Allowed To Work From Home:
- Popular Book Details Real Estate's Secret Sauce for Selling Homes for More, in Any Economy
Similar on Rezul
- HomeLight Honors THE MADRONA GROUP in 2020 Achievements™Awards, Top Performing Agents in the US
- Vicki Olson Joins RE/MAX Alliance Group
- Jordan Chancey Earns Advanced Realtor Designation
- FOURMIDABLE assumes management of four apartments across several states
- Pulte Homes Unveils Winslow at Brookstone in Acworth GA
- Innovative Environmental Technologies, Inc.(IET) Announces Teaming with AXXELLA, LLC
- MC Companies and Move For Hunger Announce Collaborative Effort to Fight Hunger Nationwide
- LMHT Capital Acquires The Offices at Nexton near Charleston, SC
- White Palms Fire Equipment Doubles Down on Online Presence By Hiring Leading Digital Marketing Company, Simply the Best Digital
- UpPeg.com Launches NYC's First "For Lease By Owner" Website Specializing in Retail Space
Investors Rush To Property During Uncertain Times
Rezul News/10494320
Rezul -- Investors are back in the market and rushing to put their money into the relative safe haven of bricks and mortar during the COVID pandemic.
The number of investors entering the market has steadily increased in recent months following a massive drop off in May according to figures from the Australian Bureau of Statistics.
In May loan commitments to investors dropped by 15.7 per cent but that has bounced back now with the latest figures revealing a 5.2 per cent increase in loans to investors in September.
James Fitzgerald, managing director of property investment company Custodian, noticed a big jump in inquiries from investors in the past few months.
"Investors are well and truly back and keen to be buying," Mr Fitzgerald said.
"Money is cheap as interest rates are so low and because property prices appear to have withstood the COVID economic downturn, that is where investors are feeling most confident about putting their money.
More on Rezul News
"Between April and October, we've experienced a 77 per cent increase in non-clients attending our education events compared with 2019.
"We actually did less events per month because of COVID, so it works out per event to be a 165 per cent increase in attendance."
Mr Fitzgerald said investors were getting next to no return keeping their money in the bank, so they were investigating property investment opportunities.
"The market is going through major changes and people are seeking some certainty," Mr Fitzgerald said.
"Obviously COVID and its affect on the market has been a hot topic but we've been able to show investors that the majority of markets have held their value and will continue to do so.
"In some parts of Australia, we're actually seeing rents and prices increase, at the same time the costs of owning that property are coming down. We haven't seen that kind of opportunity before."
The number of investors entering the market has steadily increased in recent months following a massive drop off in May according to figures from the Australian Bureau of Statistics.
In May loan commitments to investors dropped by 15.7 per cent but that has bounced back now with the latest figures revealing a 5.2 per cent increase in loans to investors in September.
James Fitzgerald, managing director of property investment company Custodian, noticed a big jump in inquiries from investors in the past few months.
"Investors are well and truly back and keen to be buying," Mr Fitzgerald said.
"Money is cheap as interest rates are so low and because property prices appear to have withstood the COVID economic downturn, that is where investors are feeling most confident about putting their money.
More on Rezul News
- Jordan Chancey Earns Advanced Realtor Designation
- FOURMIDABLE assumes management of four apartments across several states
- Qué es el Marketing Science y por qué es indispensable considerarlo en el 2021
- Pulte Homes Unveils Winslow at Brookstone in Acworth GA
- Aesthetic Mentor Hosts Free Webinar "Becoming an Aesthetic Nurse in 2021"
"Between April and October, we've experienced a 77 per cent increase in non-clients attending our education events compared with 2019.
"We actually did less events per month because of COVID, so it works out per event to be a 165 per cent increase in attendance."
Mr Fitzgerald said investors were getting next to no return keeping their money in the bank, so they were investigating property investment opportunities.
"The market is going through major changes and people are seeking some certainty," Mr Fitzgerald said.
"Obviously COVID and its affect on the market has been a hot topic but we've been able to show investors that the majority of markets have held their value and will continue to do so.
"In some parts of Australia, we're actually seeing rents and prices increase, at the same time the costs of owning that property are coming down. We haven't seen that kind of opportunity before."
Source: Sequel PR
Filed Under: Real Estate, Property
0 Comments
Latest on Rezul News
- MC Companies and Move For Hunger Announce Collaborative Effort to Fight Hunger Nationwide
- Simply The Best Digital To Provide Digital Marketing Services to Urgent Home Care - Palm Beach's Leading Home Health Service
- 1-800-PACK-RAT Acquires Storage Squad, a Leader in the Student Storage Industry
- LMHT Capital Acquires The Offices at Nexton near Charleston, SC
- White Palms Fire Equipment Doubles Down on Online Presence By Hiring Leading Digital Marketing Company, Simply the Best Digital
- UpPeg.com Launches NYC's First "For Lease By Owner" Website Specializing in Retail Space
- Stimulus Real Estate Identifies Income Avenues For Real Estate Agents
- Six Features a D3P Needs to Make the Cloud 17a-4 Compliant
- Looking to Buy the Home of your Dreams in NJ? Real Estate Agent Eileen Campos Can Make it a Reality
- Q4 2020 | Austin Office | Research & Forecast Commericial Real Estate Report
- Kaizen Finance Launches Staking to Foster the Widespread Adoption of DeFi
- Ismail Sirdah Describes the Best Practices for Holding Corporate Events
- MDAdvantage Appoints Pete Cammarano to Board of Directors
- CEO Coaching International Congratulates Client Orion Energy on Successful Capital Partnerships
- expEDIum Direct Pay®, seamless online payment added to iTech's expEDIum Medical Billing®
- Teri Isner Awarded Prestigious "Premier Luxury Marketing Consultant" Certification
- China Refuses to Accept Service of Berman Law Group's Coronavirus Class Action Complaint
- Love & Sip Valentine Brunch with Celebrity The Comedian, Tomea, Grammy Saxophonist Jason Davis, Gospel Contemporary Duo, Only God Ministries
- Connie Gohata Awarded Prestigious "Premier Luxury Marketing Consultant" Certification
- Crystal Perez Awarded Prestigious "Premier Luxury Marketing Consultant" Certification