Investors still want Australia03 August 2015 by News Desk
Changes to investment laws in Australia do not seem to have deterred potential property investors, according to new research.
The majority of potential investors say the new rules will not put them off investing in Australia. 70% of those polled in a new survey believe now is a good time to invest while 54% plan to continue with their investment plans regardless of changes to investment lending policies, according to an Investor Survey by Mortgage Choice.
The Australian government recently introduced new rules covering property investment in a bid to cool the over-heating property market. The major banks have introduced new limits and conditions on loans for property investment.
John Flavell, ceo of Mortgage Choice, says increasing numbers of investors are younger people who are not deterred by the new rules. “For many younger buyers, purchasing an investment property before an owner occupied property gives them the opportunity to purchase where they can afford while still living where they want.”