Investors coming back to the property market with 'largest jump' in loans since 2003 | Sky News Australia

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REA Group economist Anne Flaherty says investors are coming back to the property market with lending figures revealing the “largest jump” in investor loans since 2003 took place in March.

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“On the realestate.com.au website we track inquiry of our buyers by buyer type and we saw investor inquiry collapse mid last year down to 11 per cent of the total,” she said. “But over the last few months we’ve steadily seen the proportion of inquiry coming from investors rise. “Now the ABS released their latest lending figures earlier this week and what we saw from those figures was a 13 per cent jump over March in loans going to investors.

 

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Stop giving out investment loans .. first time buyers and young families need to be priority for mortgages.

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Worrying sign for Aussie house marketConfidence in Australia’s property market has plummeted to levels close to the beginning of the COVID-19 pandemic, according to research by comparison website Finder. The government needs to stop all international investment in property and remove Chinese investors from the market and see those houses to diary home buyers under market value We needed a survey for this? My son, as did many of his friends. kissed his dream of owning his own home goodbye few years ago.
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