Their is really no reason to buy an investment property right...

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    Their is really no reason to buy an investment property right now. The banking royal com has put pressure on banks and lending has tightened up and approval times have blown out. The days of getting a 100% loan using another property as security are gone. The days of applying for loan, approval and settlement in 4- 5 weeks have blown out to 7- 8 weeks.
    Labor's likely victory and policy of cutting neg gearing on existing properties and doubling capital gains tax are the last straw for many.
    Now the good news PERTH vacancy rates have fallen under 3% from 7.5% last year. Friend of mines son got refused a lease renewal in Rockingham. Having trouble finding a property and 8 people at first viewing of property he is leaving. 'First rent rises in 4 years thank you Bill Shorten more rent squeeze to come. Prices still flat and buyers scarce.
 
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