Changing lending figures seen in January have further outlined the growing investor market across the country. This could be a great indication of your chances to make your own moves into the Belconnen real estate market, with the opportunity of beginning or expanding your real estate portfolio in Canberra.
Housing Industry Association economist Geordan Murray said recent Australian Bureau of Statistics lending figures showed that the Australian property market performed strongly over January, with lending values rising by 1.6 per cent.
"Lending to investors building or constructing new homes, however, was slightly weaker during the month but remained markedly stronger than this time a year ago," said Mr Murray in an 11 March statement.
Furthermore, lending for owner occupiers for construction and recently completed homes dropped over the month, while home loans for established properties fell by 7.9 per cent. This could highlight the previously outlined disparities between investors and homeowners, especially with some of the supply problems being seen nationwide.
The possibility of purchasing your own property for your portfolio could be on the horizon. Get in touch with a local Belconnen real estate agent to begin looking into the options available to you in the local community and expand your investments into Canberra today.