Real Estate Investor February 2021 February 2021 #131 | Page 48

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Why 2021 is the best Year to invest in real estate
If you ’ ve been holding out for the perfect time to leap into the property market , you ’ re not going to be disappointed this year . With a triple-whammy of rock-bottom interest rates , subdued property prices , and plenty of stock available , it appears that 2021 will be the best investment climate in fifty years .
The bank may offer a 100 % home loan , but should you take it ?
You ’ ve heard the buzz of record-low interest rate , banks offering 100 % home loans , but is it really cheaper to buy a home than it is to rent , and should you take on a 100 % home loan or save for a deposit ? Here are some factors to consider before leaping into an offer that seems too good to be true .
First-time homebuyers Continue to dominate the residential property market
Rhys Dyer , CEO of ooba , predicts that the residential property market in 2021 will continue to show strong levels of activity , mostly driven by first-time homebuyers as a result of the low interest rates . Evidence of the strong activity can be seen in the volume of ooba ’ s home loan applications for Q4 20
SA Real Estate Investor Magazine FEBRUARY 2021 21