‘Very unusual’ pattern with investors in housing market

📆 13/07/2022 04:06:00
📰 SkyNewsAust

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Yellow Brick Road Home Loans Executive Chairman Mark Bouris says there is a “very unusual pattern” in the housing market with investors borrowing money out of Sydney or Melbourne “to buy in places like Adelaide”.

“They’re not even going in to inspect the places – they’re doing it all

online, and they’re buying these properties,” he told Sky News Australia.

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Interesting! I didn't know sky knew anything about real estate. Obviously, just an observation or just more rubbish!

Money laundering is dying?

What is unusual? Sydney & Melbourne have become so unaffordable that people living in these cities are buying in cities that they can afford. This will in turn make it hard for people in those cities. And the cycle will continue. Australia's property market is a horror show

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