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One of Australia’s most successful mortgage brokers who wrote over 1,000 home loans in the 2016 financial year believes property investors will return to the market in 2017.
Mark Davis of the Australian Lending & Investment Centre says that there is “plenty of noise” that is reducing demand and could present opportunities for property investors if the market starts to cool.
“Investors will come out to play,” Mr Davis said. “Our business wants rates to go up a little bit or a bit of noise in the media, so we can perform better, because our clients will play harder and want to buy in Sydney and Melbourne and those types of places where the market is at the top.”
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