August 16, 2013
Property investment is something that is often considered the domain of the more mature invester. The individual or couple that have established their first home, made significant payments on it, created a high level of equity and are now looking to build some wealth before retirement.
Interestingly, I am meeting many young people who are investing into property whilst still living at home, and starting their portfolio early. My annecdotal experience is supported by a recent survey in the Gold Coast news;
"A survey of 1000 Australians planning to buy their first investment property in the next two years released by Mortgage Choice yesterday showed 34 per cent of the respondents were Gen Ys, generally regarded as those born from the early 1980s to the early 2000s"
With interest rates at record lows, it's the opportunity to make significant gains on paying off principle amounts and building equity into their investments.
Investment opportunities are available across the Central West and it's major centres of Orange, Bathurst, Dubbo, Mudgee & Cowra.With most lenders being happy to lend up to 90% of the value of an investment home, obtaining an mortgage might not be that difficult.
The full article is available to read here;