In­vestors seek info

Agency holds in­for­ma­tion night as rates cut prompts in­ter­est

Central and North Burnett Times - - LOCAL NEWS - ❏ Bran­don Livesay

LAST week’s in­ter­est rate cut could bring more peo­ple to the Cen­tral and North Bur­nett.

The cut will ease the bur­den on mort­gage hold­ers with vari­able home loans, and real es­tate agents are hop­ing peo­ple will jump into the re­gion’s in­vest­ment op­por­tu­ni­ties.

Ed­wina Ran­dall, of LJ Hooker Gayn­dah, said it was an ideal time to in­vest.

“It’s good to get into the mar­ketwhile it’s so soft,” Mrs Ran­dall said.

“Buy­ing a house here (in the Cen­tral and North Bur­nett) is a lot more af­ford­able be­cause the land is so cheap.

“You would have to stick an­other zero on the end to get sim­i­lar land on the coast.”

Trea­surer Wayne Swan said the cut of in­ter­est rates was an en­dorse­ment of the Fed­eral Govern­ment’s fis­cal man­age­ment, de­spite the trou­bles of the high Aus­tralian dol­lar.

He said it would save $5500 a year on mort­gage re­pay­ments for those with a $300,000 vari­able home loan, com­pared with 2007 fig­ures when La­bor came to power.

Mrs Ran­dall said there had been an in­creased in­ter­est in Gayn­dah real es­tate since De­cem­ber.

“Both from lo­cals and peo­ple look­ing to­move here,” she said.

LJ Hooker Gayn­dah re­cently held a First Home Buy­ers In­vestors In­for­ma­tion Night to help peo­ple un­der­stand the process of in­vest­ing in prop­erty.

“The idea came from a lot of young peo­ple look­ing to in­vest and want­ing to get into the mar­ket,” Mrs Ran­dall said.

“There is an in­ter­est here and peo­ple do want to know.”

Mar­garet Spencer, of Oak- vale Homes, was a first-time vis­i­tor to Gayn­dah.

“The price of land is fan­tas­tic,” Mrs Spencer said.

“But it’s a se­cret, and you can’t sell a se­cret. You need to get the word out there.”

Photo: Bran­don Livesay

HOT PROP­ERTY: Mike Smith, Tr­ish Franklin, Ed­wina Ran­dall, Don Sin­clair and Mar­garet Spencer at LJ Hooker Gayn­dah’s First Home Buy­ers In­vestors In­for­ma­tion Night.

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