Investors to move in after FHBs clear out

Brokers should see a flurry of investment activity at the turn of the new year, a new consumer survey has indicated.
According to the 2009 Mortgage Choice Property Investors Survey, three out of four Australians planning to buy an investment property are waiting to make their move until after the First Home Owner Boost ends.
Of the 1,038 respondents surveyed, 76% said they were delaying their investment purchase until 31 December. This compared to just 26% who were planning to delay their purchase earlier this year, indicative of the intense competition that has been developing as a result of first home buyers and concern that high demand is pushing up prices.
“Competition from first homebuyers has been so intense since late last year that most investors seem to have stepped back for the moment,” Mortgage Choice senior corporate affairs manager Kristy Sheppard said.
We recommend that you speak with one of our financial advisors first to see how much money you can borrow so that you have your finances in order before you find an investment property. Contact Intellichoice on 1300 55 10 45 or email us directly on info@intellichoice.com.au for a finance review. Please feel free to use the free personal finance calculators on www.intellichoice.com.au to get an overview of your borrowing capacity, monthly loan repayments and more.