Savvy Investors Seek Lucrative Residential Investments
Savvy investors are once again seeking out lucrative residential investment opportunities in well located and highly sought after areas like Sydney and Brisbane. With the share market in turmoil and our local banks reducing the interest on fixed term deposits, many investors are turning to property. Property has proven to be the least volatile and most rewarding investment as it provides guaranteed capital gains and rental returns that keep rising.
Australia’s property market is quite unique when compared to other property markets around the world. Our purchasers in Australia receive very high rents with extremely low vacancy rates. The strength of the rents will always underpin our property values. Owner occupier sales have also increased sharply at Meriton and this trend is supported by Australian Bureau of Statistics data released last week which revealed the number of owner occupier home loans approved in NSW rose by 6.3% in August. As rents continue to increase and
interest rates drop, we expect owner occupier sales to increase further.
With limited new supply entering the market to cater for this newfound demand, further pressure will be put on prices. Meriton sales have reached unprecedented levels with 400 sales secured already this financial year 2011/12. Major banks have continued to act swiftly by reducing their fixed rates to increase their home loan market share.
Meriton’s solid 50•year history gives great confidence to the property market. Buyers are assured that their Meriton apartment will be completed once construction commences. Others cannot match this feat in the marketplace, hence why Meriton’s market share is increasing all the time. .