News Formal

Should I buy an investment property now you only need a 5% deposit?

  • 📰 theage
  • ⏱ Reading Time:
  • 42 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 20%
  • Publisher: 77%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Buying with only a 5 per cent deposit increases the chance of price falls pushing a property’s value below what you owe on it.

I’ve been watching the market falls and waiting for the right time to snatch up a discounted investment property to supplement my super. I’m happy that values are again going up as didn’t want to buy and lose money immediately. With that in mind, I’m also interested in the new 5 per cent deposit product from Commonwealth Bank. What do you think of my strategy and CBA’s offering? Simon

But I will get back to the CBA product and the best way to buy. First, you need to know that prices are not so much at a discount anymore – although we await the impact of more potential rate rises now the consumer price index is falling too slowly. In fact, Domain says most capitals are a smidge away from their all-time highs.Figures for September show modest growth in the past year of 5.1 per cent in the combined capitals and 3.1 per cent in the combined regions.

It is hardest for renters to find somewhere to live in Adelaide and Perth , Darwin and Brisbane . “Australia remains a landlord’s market,” the Domain vacancy rates report said. If you stump up 40 per cent or more, the rate falls to just 6.35 per cent. But the other aspect of this option is that you must commit to principal and interest.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 8. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Should I buy an investment property now you only need a 5% deposit?Buying with only a 5 per cent deposit increases the chance of price falls pushing a property’s value below what you owe on it.
Källa: brisbanetimes - 🏆 13. / 67 Läs mer »

Should I buy an investment property now you only need a 5% deposit?Buying with only a 5 per cent deposit increases the chance of price falls pushing a property’s value below what you owe on it.
Källa: smh - 🏆 6. / 80 Läs mer »