Investors pour back into market as first home buyers squeezed out
Property investors continue to plunge back into the market, far outstripping the pace of new loan growth among owner-occupiers and first home buyers.
Over the last 12 months, the national average has risen by $56,357, an increase of $154 a day. (Image source: Shutterstock.com)
Investors are continuing their momentum-gathering return to the property market, outpacing the growth of owner-occupiers and first home buyers.
Over the last year, property investors have ignored higher interest rates
, with the annual growth in the value of investor home loans rising 30 per cent in June from a year earlier.Australian Bureau of Statistics (ABS) data released Friday (2 August) revealed that the value of new owner-occupier loans …
