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Lodge Real Estate
The residential squeeze, which currently sees increased buyer activity in a market suffering from reduced availability (of houses-for-sale) is reflected in the multi-unit market.
Right now there are fewer properties being marketed in the multi-unit category than at any other time over the past 10 years. This shortage of supply is being met with strong, and increasing, investor demand. Buoyed by record-low interest rates and renewed confidence from the finance sector (ie. ‘money-to-lend’ complemented by noticeably relaxed criteria), we’re now seeing, on the part of buyers, more preparedness to accept lesser returns.
Lodge settled more than $11 million of multi-income property in the 2011-12 year; this is further evidence of a strengthening real-estate investment market.
February 2013
Multi Unit Investment Market Heats Up
By Dean Abraham
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