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ISCOVER
Staff reporter
Investors are expected to slowly return to the property market, one industry stakeholder has claimed.
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Interest rate cuts and more affordable housing are likely to encourage investors to re-enter the property market according to Property Buyer Rich Harvey.
"We are starting to see investors make small moves, thanks to the latest rate cuts," he said.
"However, that said, we have only had two rate cuts and I don't think that will be enough to really drive the market. Back in the 1990s, we had cuts of 1 to 1.5 per cent, which moved the market quite dramatically.
"So while investors will come back into the market, they won't rush back in overnight."
