News

Australia’s federal MPs are about to investigate the impact of Chinese investment in Australia’s property market.

If you’re lucky enough to buy an investment property with tenants already living in it, you’ll benefit from immediate rental income from the date the property settles, also saving you the hassle and costs of finding appropriate tenants and a property manager.

With the extended period of interest rate cuts slowly putting positive effects of the economy’s growth, massive job cuts in Australia’s motor vehicle and manufacturing industries have shaken the nation’s consumer confidence.

After announcing no change to interest rates last week, the RBA has issued a timely warning to property buyers not to take on too much debt trying to secure a home in the low-interest environment.

Housing affordability in Australia always seems to be under the microscope, but it is still possible to buy a house within 10kms from Melbourne’s CBD for under $600,000.