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Investment housing loans soar

The value of investment housing loans has skyrocketed in the past 12 months, jumping almost 20 per cent by the end of December, and economists are warning it will rise even further after the Reserve Bank’s surprise interest rate cut last week. Consumer confidence has also suddenly jumped back into positive territory – breaking a 12-month horror spell of low confidence that has plagued the Abbott government – thanks to the RBA cutting interest rates to historic lows, cheaper petrol and stockmarket gains. Read more: http://www.smh.com.au/national/investment-housing-loans-soar-and-set-to-rise-further-after-reserve-banks-rate-cut-20150211-13c0py.html

 

DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The writer of this article is not a practicing lawyer or financier. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.