Friday, October 03, 2008
Bricks & Mortar Vs Wall Street...
Article By Mandy Wurth, General Manager - Sales
The nation and world’s economic situation is holding every media headline at the moment and is set to be for a number of months to come. However, every cloud has a silver lining – and for investors this one is yours!
The downturn in the US economy has impacted the countries stock & property markets, with a ripple effect being felt across the globe. It’s now been a month since we saw the Reserve Bank lower interest rates by a quarter of a percent providing some relief to home owners. Spring has seen the usual substantial increase in the number of properties for sale, however the ‘unknown’ in this market is continuing to keep buyers at bay.
An increased demand and in turn shortage of rental properties is also causing some ‘rental rage’ from frustrated tenants across the nation. Property Managers are receiving a number of applications per property with those below $300 per week being consistently in high demand. Last month the eastern states recorded a low vacancy rate of around 1.2% with our own state currently sitting at 1.23%.
All of these elements combined provide an opportune time for the astute investor to buy into the Real Estate market.
Our Sales Partners are finding an increase of quality investment properties becoming readily available throughout Adelaide’s central suburbs all within 10kms of the CBD. From Mile End across to Manningham, Payneham & Parkside these properties offer an ideal alternative to investing in the share market.
So, why not take a flick through the following pages to find your future investment.
Mandy Wurth, General Manager - Sales
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