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Staff Reporter
The coming warmer months will help fuel investor appetite for residential property, according to broking group Mortgage Choice.
Mortgage Choice senior corporate affairs manager, Kristy Sheppard said based on historical data, the warmer months should see an upswing in property activity.
"According to RP Data, seasonally, Australia typically sees higher than average property activity from September through to November.
"This year should be no exception despite a possible lag effect from the hung parliament," she said.
Ms Sheppard said there were already more properties on the market than usual at this time of year, which is good news for prospective investors.
In addition, she said property prices had plateaued in many areas and dropped in others, while rental prices have increased.
"With fewer new properties there is bound to be a pickup in rental price growth, which we've already seen," Ms Sheppard said.
"This bodes well for people who research the property market thoroughly, have a long-term strategy in mind and investigate all their finance options so they make a sound investment decision."
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