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Lend2U Finance - 04 May 2023
Australian property prices rose 0.6% in March, according to CoreLogic – the first monthly increase since April 2022.
But while prices increased at a national level, and in Sydney, Melbourne, Perth and Brisbane as well, they did decline in the four smaller capitals.
CoreLogic’s research director, Tim Lawless, said one reason prices are rising again is due to the tight rental market, where accommodation is scarce and rents are rising rapidly.
That’s motivating some tenants to switch from renting to buying, thereby increasing buyer demand.
“Similarly, with net overseas migration at record levels and rising, there is a chance more permanent or long-term migrants who can afford to, will skip the rental phase and fast track a home purchase simply because they can’t find rental accommodation,” he said.
“Hi we recently used Lend2u Finance to purchase an investment property in Queensland. Michael gave us fantastic service and went out of his way to help us in every way. He always answered all of our questions patiently and thoroughly and answered our emails and phone calls promptly. Michael had great information about the best banking deals around and offered us a range of products to choose from. I would thoroughly recommend the services of Lend2u Finance. ” Julie & Dave – SHEIDOW PARK, SA