The settlement date normally is four to six week after the exchange of contracts (unless you have purchased a property off the plan!). The settlement date is the day when the buyer, having paid the rest of the house price, receives the keys to his home.
The latest data released by the Australian Financial Group mortgage index has indicated the proportion of mortgages being taken by investors is the highest in the survey's four-year history, and a 25% increase from just six months ago in August 2009.
"First home buyers are all in their early 20's"
The Brisbane property market provides opportunities for investors looking to reap the rewards in both the long and short term.
Investors flock Brisbane as 2010 proves to be year of the investor
"I can't afford to buy an investment property"
Put simply, gearing is borrowing money to invest. By adding borrowed funds to your own funds, you increase the total amount invested. So the returns, as a proportion of your original capital, are 'geared up', or magnified.
Just because you had your personal and financial situation assessed by a property investment consultant and put into practise a year (or more) ago, doesn't mean that your investment portfolio and mortgage structure is doing you any favours today. In fact,
An uncertain economy has not impacted negatively on the Brisbane housing market this year, with values increasing over the last 12 months, house prices in Brisbane have increased by 1.59% and units have increased by 1.11%.