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Speaker 1: Looks like investors are starting to return to the property market.

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Speaker 1: This is a new core Logic report out this morning.

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Speaker 1: It finds that in September, mortgaged multiple property owners made

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Speaker 1: up twenty two point six percent of all sales. That's

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Speaker 1: up from a record lower year ago twenty point four.

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Speaker 1: Core Logic says investors are the group to watch coming

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Speaker 1: into the new year as interest rates continue to fall.

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Speaker 1: Matt Balls with the Property Investors Federation. He's with us

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Speaker 1: this morning. Matt, Good morning, Good morning, Ryan. How are

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Speaker 1: you we dang good, Thank you, thanks for being with me.

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Speaker 1: This is still low by historical standards, but early signs.

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Speaker 2: Yeah, I think this is spot on. Actually, we're noticing

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Speaker 2: similar signs as well. Your investors who have got cash,

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Speaker 2: they are going to be first off the block, and

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Speaker 2: that's the one that I'll be watching first, and then

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Speaker 2: mortgage reliant investors will be on after that. I mean,

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Speaker 2: that's not to say people aren't out the inbound looking

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Speaker 2: for bargains, and you know, some of our members are

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Speaker 2: out there buying the rundown properties are and making good

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Speaker 2: money out of it. You know, you get a better

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Speaker 2: return once you've done up a property. You're providing a

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Speaker 2: nice new home to people. So that's fantastic. And our investors,

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Speaker 2: our members tend to be probably slightly ahead of the market.

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Speaker 2: I would say they had access to good advice from

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Speaker 2: some of our older investors.

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Speaker 1: Who is investing. I'm not imagining that this will be

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Speaker 1: our mum and dad's with one extra property going out

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Speaker 1: in force at the moment, it's your older investors with

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Speaker 1: multiple freehold properties. I would imagine.

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Speaker 2: What we're finding is that it's actually a mix rome. Yes,

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Speaker 2: some of our older investors or more experienced investors are

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Speaker 2: cash who don't rely on mortgage are out there and

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Speaker 2: they're looking for bargains. But I can give you of

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Speaker 2: an example of a members, a single income home family

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Speaker 2: and who has been out there brought a couple of

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Speaker 2: properties in the last twelve months. These are pretty runs

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Speaker 2: out of properties and they've done them up and they're

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Speaker 2: now fantastic rentals and they're making that person's income. So

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Speaker 2: your argons are out there if you're prepared to put

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Speaker 2: in the time and do the hard work. So person,

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Speaker 2: I'm thinking of that all the renovations themselves.

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Speaker 1: In terms of the interest deductibility at eighty percent, you know,

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Speaker 1: the interest rates coming down, What is the bigger factor.

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Speaker 1: It's probably interest rates presumably rates lyiring, rather than the

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Speaker 1: interest deductibility. They both help.

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Speaker 2: Yeah, I look, they both help. I think interest deductibility

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Speaker 2: gives people confidence. That's not something that gives you a

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Speaker 2: big pile of cash. But you don't actually see any

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Speaker 2: money from that. It's just that the government doesn't extract

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Speaker 2: as much from you at the end of the year.

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Speaker 2: Interest rates going down, yet, that is going to be

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Speaker 2: a fact. But don't forget this is a lagging impact.

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Speaker 2: Most people aren't feeling that impact straight away. Two thirds

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Speaker 2: of mortgages are fixed, but due to rollo the next

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Speaker 2: twelve months. So it's it's over that next twelve month

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Speaker 2: period that you're going to start to see this impact.

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Speaker 2: And so I'd say you'd be looking at second half

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Speaker 2: of twenty twenty five or fourteen's really start to back up, right.

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Speaker 1: Matt, Thank you very much for that. Matt Ball the

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Speaker 1: Property Investors Federation talking about the Newcore Logic data out

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Speaker 1: this morning, saying property investors are slowly creeping back into

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Speaker 1: the market. I suppose everybody is really as interest rates

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Speaker 1: come down. For more from earlier edition with Ryan Bridge,

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