Today I read about a new product being released in Australia for investors. Fantastic.
Hopefully ANZ will bring this product over the ditch as well and provide it here for kiwi investors.
The following is an excerpt from the article.
The ANZ Portfolio mortgage operates like a line of credit and is geared to enable investors to consolidate multiple loans under the one facility with the added convenience of up to 12 sub accounts. Equity can be released quickly when opportunities arise allowing investors to move quickly when required.
The investment market looks particularly strong at present. Prices have largely remained stable across most markets over the last few years while rental values have continued to increase.
“Given the ongoing pressure of property undersupply and increasing demand due to migration we see considerable potential for the investment market over the coming 12-18 months.“
Mr Bock said that the product had been a year and a half in development and admitted that there was “an element of coincidence” in the present investment market potential and the product launch.
The timing, he said “couldn’t have been better.”
