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ISCOVER
Staff Reporter
Property investors are expected to get a spring in their step as the home finance market moves out of winter, according to a new survey.
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The survey conducted by Loan Market Group asked mortgage brokers whether or not they anticipate an increase in enquiries from property investors during spring.
Of the 217 respondents, 86 per cent said there would be a lift in activity.
According to Loan Market corporate spokesman Paul Smith, 40 per cent of the brokers forecast a moderate five to 10 per cent increase in enquiries.
Meanwhile, 26 per cent tipped a slight increase of up to five per cent while 20 per cent predicted a significant rise of more than 10 per cent.
Fourteen per cent said there would be no increase in activity.
“There are definite signs that spring is in the air for the real estate and home finance markets,” Mr Smith said.
“Spring is traditionally one of the busiest times of the year and recent home lending figures have been encouraging and point to a further increase in activity in the months ahead.”
Mr Smith said despite investors showing concern about the continuing debt crisis facing Europe, brokers had seen them as a growing force in the home finance market.
“The stable interest rate environment with the cash rate remaining near historical lows and generally soft property prices have been attracting investors,” he said.
