What do I need to know to invest in property?
The Australian Bureau of Statistics reports that the value of new residential mortgages sold to investors fell 3.4 per cent in February 2015.
The Australian Prudential Regulation Authority has warned banks and credit unions to keep investment mortgage lending under control.
Property investors may need to shop around and compare lenders to find good loan deals. Property investors may need to ensure their full financial details are readily available to be provided quickly and their loan to valuation ratios are manageable.
Source: Banking Day