Connect with us

Local News

Property investors look to return to the market as pandemic fear disappears



Recent lending data saw the highest level of new property investor borrowing since early 2018, which has prompted hopes that investors are returning into the buyer mix.

Their borrowings were up 70 per cent compared to May, 2020, when investor loan commitments were at their pandemic lowest, according to the Australian Bureau of Statistics.

There are many reasons why property investors have gone missing, but the big question is will they return forcefully in the current boom which has basically seen owner occupiers go head to head against each other?

MORE: Aussie billionaire circles island escape

‘Worst’ house is Sydney’s last under $900k

Investors took out about $6 billion of the $28 billion of new loans in February, with investor…

Click here to view the original article.

Continue Reading

You might also like ...

Taree police appeal for missing boy found wearing Sesame Street pyjamas
Wagga City Council faces concern about community consultation for development proposals | The Daily Advertiser