Profiling Melbourne’s “rentvestors”
By Advantage Property | 11th Jul 17
Melbourne "rentvestors" - renters who choose to invest instead of living in their first property purchase could be on the decline.
In this Scott Carbine article Frank has commented on how the new stamp duty concessions are encouraging more first home buyers to buy and occupy. Combined with historic low interest rates the rise of the renvestor could be slowing down.
"We’ve (also) got the lowest interest rates in history which could encourage more first-home buyers to jump into the market themselves rather than investing,” Frank said.
In 2015, the first home buyer investor rate was 38.5% with recent surveys showing a decline in 2016 to 35.2%