WATCH: March 18, 2022 Whitsunday Weekly E-News

Hi, I'm Annette Neil from PRD Whitsunday with this weeks update.

I wanted to talk about some interesting statistics that have come through my inbox.

The Australian Bureau of Statistics has said that investor levels of lending are up substantially.

How much of an increase is that?

This year, we saw investor loans account for 11 billion dollars for January alone.
If we go back to June 2020, we were looking at only 4.2 billion loans to investors. So, just after the COVID-19 pandemic had started, everyone was taking a bit of a backward step.
We can see that investors are enthusiastic about the market, and they're actively investing. Although prices relaxed a little in Sydney and Melbourne, the other more affordable significant cities and regional areas have shown no signs of slowing down, although not soaring relatively at the same rate as last year.
We have seen prices hold reasonably steady, an excellent sign for regions such as the Whitsundays.

Vacancy rates remain exceptionally low, we're sitting at basically zero percent here in our office.
With low vacancy rates and interest rates, investors are actively looking for somewhere to make some money. Why would they not invest in residential property?
The returns are through the roof, and while interest rates remain low, you can be assured of a reasonably solid investment return.

You never know. Maybe you should give our team a call today and see what we can find for you.