Investors, on your marks!
Lockdowns have been quite a time for buyers across all markets. Real estate is no exception, and, according to recent Australian Bureau of Statistics (ABS) data it is not just First home Buyers that are using this downtime to get busy buying, investors are also having a crack.
While we saw new buyer activity drop a little at the beginning of the year, with first home buyers drifting out of the market somewhat, we did see investors use the opportunity to pile in during that time, according to the ABS.
In fact, June was the fifth consecutive month in which the number of first home buyer loans fell and in which the share of first home buyer loans (compared to the overall market) fell. At the same time, June was the third consecutive month in which investors increased their market share.
Don’t get us wrong tho, first home buyer activity is at historically high levels – the number of first home buyer loans in June was 47.1% higher than the year before. But so is investor activity – which increased by 116.0% over the same period.
What you can read by this data is, the property market is indeed thriving, and it is a sport! If you intend on being in the game, First Home Buyer or not, you absolutely must step your foot onto the field, and fast!
Have you been looking to invest in property, but not sure where to start? Whether it’s your first or you’ve been here before, TM Finance Group can help get you match fit.
Let’s chat today about where your options.