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Just about every beacon and bellwether imaginable is pointing to the next movement to be lower interest rates. The timing of the next cut appears to be the only real unknown.
However from the RBA for June and into EOFY, interest rate remains on hold at 2.0%
Whilst that seems great news for Property Investors borrowing to expand their portfolio. The broader economy is flagging and in serious need of a boost
Across the country, property investors aren’t hanging around to wait for the next interest rate cut. All despite APRA’s need to press home the concerns and cause the banks and lenders to start pulling levers and changing policies to try and slow the Sydney and Melbourne markets.
The real investment returns and anticipated strongest returns now are generally seen to be outside the two major cities. Concerns of over priced against a back drop of unsustainable growth, cause the smart investors to eye the next wave and be in front of it.
Rapidly coming into the mass media focus is the Gold Coast, Brisbane, Toowoomba and SEQ generally.
The founder and CEO of McGrath Estate Agents — who has 64 offices all over Australia — also thinks Sydney’s housing boom has almost run its course
John McGrath recently quoted in news.com.au
“For us I see the golden triangle out to Toowoomba , up to the Sunshine Coast and down to the Gold Coast".(More recent news on Toowoomba)
“Anywhere in Queensland will do well but I’d be hard pushed to find anywhere better to invest than the south east of Queensland in the next 3-5 years for capital growth.”
Full article news.com.au
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