There is great potential in investing in Australian property, one expert has commented.
Investing in Australian property is a wise move, according to one expert who has pointed out that there is plenty to be made from purchasing a home in the country.
Bill Moss, former head of property at Macquarie Group, said that Australian property prices are undergoing a "revival", with now being the time to buy to make the biggest profits.
He pointed out that Australian property prices rose by 5.2 per cent in the three months to December and attributed this to government grants and an increased demand from people buying homes in the country for the first time.
"There are opportunities, many of them stemming from restructuring debt, to make significant amounts of money from Australian property. If you've got the opportunity to buy and hold and not worry about debt, there are some good opportunities," Mr Moss stated.
Meanwhile, the Reserve Bank of Australia has announced that the interest rate will remain unchanged at 3.75 per cent, the level it reached at the beginning of December.
Posted by Craig Francis
Investing in Australian property is a wise move, according to one expert who has pointed out that there is plenty to be made from purchasing a home in the country.
Bill Moss, former head of property at Macquarie Group, said that Australian property prices are undergoing a "revival", with now being the time to buy to make the biggest profits.
He pointed out that Australian property prices rose by 5.2 per cent in the three months to December and attributed this to government grants and an increased demand from people buying homes in the country for the first time.
"There are opportunities, many of them stemming from restructuring debt, to make significant amounts of money from Australian property. If you've got the opportunity to buy and hold and not worry about debt, there are some good opportunities," Mr Moss stated.
Meanwhile, the Reserve Bank of Australia has announced that the interest rate will remain unchanged at 3.75 per cent, the level it reached at the beginning of December.
Posted by Craig Francis
