Potential property investors will be happy to know that RP Data has released a new research blog that shows investors in Australia are becoming increasingly popular in the real estate market – which could indicate a fantastic time to make that investment commitment.
Property investment financial commitments reached $8.4 billion in May, as property investment becomes increasingly popular for people to undertake as a new career path, or simply to supplement their income.
These commitments indicate a year-on-year increase of 23.7 per cent, with no signs of slowing down anytime soon.
These figures could be, in part, due to the Reserve Bank of Australia's decision to reduce the cash rate to a historically low 2.75 per cent earlier this year.
This has affected home loans, with interest rates dropping and becoming more affordable for those looking to get into the real estate market.
If you're interested in purchasing an investment property in Brunswick or any of the surrounding suburbs, get in contact with the team at Ray White Brunswick in order to get started on your property dreams.
Their advice and expertise of the local area will be invaluable in helping you achieve your real estate goals with ease.