An outstanding reason why investment in property is safe for 2021:
Historically low interest rates
Interest rates have been slashed by the Reserve Bank as it tries desperately to encourage spending, create more jobs, promote industry growth, all in a bid to expand the economy.
These historically low interest rates mean people can borrow more, especially now that homeowners can get fixed-rate deals as low as 1.99 per cent per annum.
Similarly, property investors can hold onto their assets more easily than ever as incoming revenue severely trumps regular outgoing spending.
In March 2021, when bank lending restrictions are loosened, investors and home owners will be able to borrow considerably more than they can today – in fact this may increase some people’s borrowing capacity by up to 20%. The results will likely give the property markets another significant boost.
The horizon is bright for property investing, especially in the better value Brisbane suburbs, so take your best ever opportunity to invest… and when you need someone to ensure that return keeps on giving, call our team at Beyond Property Management. We will ensure you are provided with the best rental price, the best tenant within a minimal amount of time and… just like our other treasured landlords, you’ll enjoy the entire experience. Call us today at 07 3188 7651.