Tag Archive: investment property

Investors shove out first-home buyers

Posted on September 7, 2013 by | 0 Comments
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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Novice Investor Pushed But Not Bound

Posted on October 8, 2010 by | 3 Comments
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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