The answer is YES.
Property investors are snapping up homes across Australia as interest rates remain low and vacancy rates continue to tighten.
There is talk of interest rate rises, but there is still great confidence in the market. If borrowers can afford a mortgage if interest rates rise by 3%, you will be covered. Did you know new loans jumped by 89.6% in 2021.
Rents in the Bundaberg region have not fallen like cities in Melbourne and Sydney, we still have extremely strong demand.
Queensland saw an influx of new tenants and new buyers moving from areas that were in lockdowns from both cities in 2021.
More interstate people are moving and buying in Queensland and in Bundaberg. We have an extremely low vacancy rate in Bundaberg and we are needing more investors back into the market.
The beauty of the Bundaberg region is investors can buy a bigger property that will attract tenants for more space.
There are still many people who did sit tight on their homes during the pandemic and now that it is slowly lifting, this is freeing up houses for investors to purchase.
Contact our Sales Team and Property Management team here at First National Real Estate McColms where we can look after the whole process from purchasing through to property management, on (07) 4152 1122.
Let us help you today and answer any questions you may have.