#1: Interest rates and lending controls
This is probably the most talked about factor affecting the real estate market ” particularly at the moment.
To put it simply, the easier it is to get finance, the more active buyers will be.And the more active buyers are, the more competitive the market is, and the higher prices rise.Similarly, the lower interest rates are, the less a mortgage costs, and the more buyers can borrow.And the more a buyer can borrow, the more they can spend to secure the property they want.
If you are not 100% sure you have the best interstate from your lender – have a chat to a mortgage broker who can provide all the options – from 60+ lenders. For more information or to discuss your own borrowing power, reach out for your free, no-obligation chat.
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