Investors seek info
Agency holds information night as rates cut prompts interest
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.”
HOT PROPERTY: Mike Smith, Trish Franklin, Edwina Randall, Don Sinclair and Margaret Spencer at LJ Hooker Gayndah’s First Home Buyers Investors Information Night.