Banks blamed for lack of new development

The managing direct of property investment advisor and forecaster BIS Schrapnel  has today blamed the banks for the lack of new development around the nation. He said that the banks needed to free up policy in order to increase supply to the market. Without this, he said that the Australian property market would be in for a asset price inflation.

This is contrary though to what most investors want. We actually do want asset inflation. This is why I advise my clients that if you are serious about getting started in property investment, then it is a wise move to start tracking the supply of property across the country. – and be careful who you take investment property advice from.!