Making the most of your money is something many Australians strive for, and it seems that investing in Gungahlin real estate is moving up their agendas. New figures from Mortgage Choice show young investors are becoming more and more common as they recognise the potential of property in different parts of the country.
The group's 2016 Investor Survey shows 50.8 per cent of investors were aged 34 or under when they bought their first property. For almost a third (29.6 per cent), this was a decision they made to make sure they were financially established for the future.
One of the main reasons for the upswing in property investment is the low interest rate environment, which will have helped drive down the cost of borrowing. Figures from the Australian Bureau of Statistics (ABS) show that the value of lending for investment housing increased 0.2 per cent between March and April this year.
Over the same period, the ABS revealed that the amount of lending to owner occupiers was down 0.5 per cent in trend terms. However, the official cash rate was lowered further in May, suggesting its full effects still haven't been reflected in the data.
"Australians understand the benefit of investing their money in property," commented CEO of Mortgage Choice John Flavell.
"Provided they take a long-term approach to property investment, investors should be able to see a good return."
It doesn't matter if you're buying a home to live in or an investment property, our team of experienced real estate agents in Belconnen is available to help. We've got years of experience in the market and could be just what you need to find the right property for your needs.