Mortgage broker Brisbane reports some signs of increased borrower activity with the investors leading the way. Within the inner Brisbane, mortgage brokers are reporting that is where most of the activity is happening with buyers getting into the higher yielding areas. There seems to be some confidence to buy a unit as an investment. With the QLD $10k government boost also getting extended, this should give further needed confidence for the market.
Most Brisbane home loan brokers would agree or at least have the opinion that Brisbane property market has infect reached the bottom of the cycle. Phone and website enquiries are already significantly increasing compared to the volumes recorder last year. In addition, rental vacancies and prices have steadied, as well as clearance rates at auctions. However, investor numbers are still down historically, so vacancy rates are still fairly low.
Looking forward, 2012 looks to be a good year and one would expect the signs of improvement to continue. With interest rates also at the historic low levels and especially some fixed rates been offered at the moment, this coupled with some bargain property prices within the Brisbane market makes for a great time to take a leap of faith for those who have been watching the market for some time.
If you are looking into home loans Brisbane or elsewhere make sure you get solid advice from a reputable mortgage broker within your close proximity to set up the right loan and structure for you and to lay the foundations for successful property investment going forward. Use professionals such as mortgage brokers, financial planners, accountants and the like to get their views on the market also. Don’t just take the advice of friends and family and the local real estate agent. Also a great time for those first home buyers who have been holding off for that right time. That right time is near impossible to predict, but one thing is for sure and that is that these conditions won’t prevail forever. The more the recovery of our domestic economy and also overseas economies looks imminent this will have a direct effect on property prices and interest rates straight away, pointing to a northward trend, how fast that happens we will have to wait and see.