House Market to Slow! Investors design Opportunity
May 18, 2010 by Tim
Filed under property market, Renovating, tips
Recent auctions show a dramatic slowing in the clearance rate, with some auctions having a complete no show. I wonder why ?
Well for many months rate of First Home Buyers has been slowing : while Investors appeared to keep buying.
But I suggest the potential in the NRAS is just so good, many investors are discovering this opportunity.
At the recent Residential Housing Conference, the Minister for Housing, Ms Plibersek, has noted that third stage of NRAS funding has approved some 12,000 new dwellings, out of a total of 50,000 required by June 2012. Major investor developers include big Super funds and developers, Lend Lease, MAB, AV Jennings, Grocon and Devine.
Investors gain a tax incentive of more than $9,000 each year for 10 years, secure tenancy and carefull research to meet tenant needs.
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