If you have dreams of investing in real estate in Darwin, now could be the perfect time to make them come true. The latest RP Data research blog has highlighted that the real estate market has been extremely accommodating to property investors this year.
In May, $8.4 billion worth of investment finance commitments were taken out – with property investment fast becoming a popular new career path, or simply a way to supplement your income.
This indicates a 23.7 per cent year-on-year increase, and could highlight a blossoming investment environment – perfect for anyone looking to take the plunge and buy an investment property.
One of the reasons for this is the reduced interest rate on mortgages at the moment, which has been influenced by the Reserve Bank of Australia's recent decision to keep the cash rate at a historically low 2.75 per cent – after cutting it down from three per cent earlier this year.
If you're interested in taking advantage of this fantastic investment opportunity to purchase property in Darwin, get in contact with the team at Ray White Darwin.
Seeking their property advice will be extremely helpful in sorting through potential investment options and, hopefully, settling on the perfect property for your needs.