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While you still can obtain a good valuation for your property, re-value now, re-finance and get your available equity released now. Put it in a linked Offset account so no change to your loan amount or interest. Use that cash as your deposit for your next investment property when property prices are lower.
- population growth
- invest in property
- rental demand
- property growth
Domain's latest Rental Report says, Melbourne house rents jumped by 3.5 per cent over the quarter. Once borders reopen and international students, new migrants, and expats look for accomodation, secure a rental place would be at higher level of competition. This is a prime time to secure your rental unit in the city or spacious house in suburbs.
- Interest rate
- cycles
- burrowing capacity
- cheap rates
- review home loan
Interest rates are at record low at the moment. RBA has indicated that rates will stay low for at least another full year. Bank may change independently depending their credit appetite. Major banks and other small lenders have kept low interest rates for a long period.