There is growing optimism amongst property investors that property values in Australia will continue to increase into 2010.
According to RP Data, National Research Director Tim Lawless, investors are venturing back into the market, lured by high rental yields and a general improvement in confidence and market conditions.
Investor finance commitments have increased 18% between February and May says Lawless.
“Investors are also likely to be waiting for first home buyer activity to start winding back before returning to the market. There is a considerable overlap between investor and first home buyer buying preferences, with both segments often targeting similar properties,” Mr Lawless said.
The first home buyers boost will be halved in the 1st of September and removed entirely on the 1st of January.
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