AS low interest rates prompt a fresh surge in real estate activity, a Battle Royale is looming between first-home buyers and property investors. Sadly for the first-home buyer crowd, it’s a one-sided contest. Low interest rates help both parties with their repayments, but investors typically have more financial firepower when it comes to a bidding war. Data released this week by mortgage broker AFG shows that investors snapped up between 28 per cent and 50...
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OPINIONby Tim O’Dwyer M.A., LL.BSolicitorConsumer Advocate watchdog@argonautlegal.com.au Simon Tsang was a novice property investor who made his second inspection of a likely rental house on a Saturday. That night the saleslady from the seller’s estate agency phoned. She wanted Simon to make an offer. So he did – over the phone. When the saleslady became a little stroppy Simon willingly increased his offer. Still not happy, the saleslady told Simon she would give him...
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