According to The Australian Financial Review, the rapid rise in interest rates and sharp falls in house prices may have spooked many investors, but some seasoned landlords are now taking advantage of the lull in the market to bulk up their portfolios.
Sydney-based investor and founder of buyer’s agency InvestorKit, Arjun Paliwal, said improving rental yields and the prospect of stabilising interest rates were proving irresistible to some.
“We’ve seen heightened inquiries from experienced investors in the recent months because yields are becoming attractive, and many of them feel like they might be missing out on opportunities to pick up properties with improving rents. They also want to get in before the rest of the pack catch on,” he said.
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