Mortgage News

SMH has reported that 60% of Investors now conclude that Australia has a housing bubble, that low interest rates, housing shortages and relaxed foreign ownership rules have caused it to spike. A recent survey conducted by SMH showed that 67% of respondents agreed that it was a great time to purchase property. Investors saw this period as the time to expand their portfolios as the housing shortage would yield increased rental incomes across the board.

Simon Reibelt from Oasis Home Loans Northern Beaches stated the Investors looking to re-enter or expand their current portfolio should look at broker the ever expanding range of lenders and mortgage managers to access the best deal suited for their finance needs.