There will be a rise in the number of investors buying Australian property with an eye to letting it out, an expert has suggested.
Malcolm Harrison, independent property industry expert, has highlighted the fact that the recession will not have affected everybody, leaving some people with the capital required to buy property.
He emphasised the importance of seeing buying houses as a long-term investment rather than a speculative one.
"They thought they could buy, let it for a couple of years and then flog it. The mature investor recognises that a buy-to-let investment is for at least ten years, if not more," he explained.
Mr Harrison added that the benefit of investing in Australian property is that it is something the buyer exerts control over to a far greater extent than when using a fund manager.
Earlier this week, a survey by Mortgage Choice emphasised the importance that interest rates play in determining the demand for Australian property among those investing in a house for the first time.
Posted by Craig Francis
Malcolm Harrison, independent property industry expert, has highlighted the fact that the recession will not have affected everybody, leaving some people with the capital required to buy property.
He emphasised the importance of seeing buying houses as a long-term investment rather than a speculative one.
"They thought they could buy, let it for a couple of years and then flog it. The mature investor recognises that a buy-to-let investment is for at least ten years, if not more," he explained.
Mr Harrison added that the benefit of investing in Australian property is that it is something the buyer exerts control over to a far greater extent than when using a fund manager.
Earlier this week, a survey by Mortgage Choice emphasised the importance that interest rates play in determining the demand for Australian property among those investing in a house for the first time.
Posted by Craig Francis
