News Formal

‘Very unusual’ pattern with investors in housing market

  • 📰 SkyNewsAust
  • ⏱ Reading Time:
  • 5 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 5%
  • Publisher: 78%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in MY

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Malaysians join investor push into Melbourne’s fringe office marketEast Melbourne’s Marlion House has been purchased for $22.68m by a company associated with the family of Malaysian timber tycoon Admond Looh. The irony of a timber tycoon from Malaysia. palmoil
Source: FinancialReview - 🏆 2. / 90 Read more »