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Now 'is a good time to invest in property'

Australians have been advised that now could be a good time to invest in a new home.

Anyone considering an investment in Australian property has been advised that now could be a good time to act.

Senior research analyst at RP Data Cameron Kusher told The Age that with improving clearance rates, increasing rents and rising property prices across the country, there is significant scope for those keen to invest in a new home to do so.

He commented: "The price rises we have seen are based on only the first three weeks of spring. It could still go the other way, but at the moment investors can take heart from the improvement.''

Mr Kusher added that there has been a reasonable lift so far this year, with the property sector responding favourably to a number of recent government initiatives.

His follow those of Chan & Naylor director Ken Raiss, who earlier this week argued that anyone considering investment in Australian property should act quickly to secure a deal, as many markets may now have reached their nadir in terms of valuations.

Posted by Steve Douglas

- property, sales, prices, investment, rent

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