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Speculators back in the game to push up property prices – Sydney Morning Herald

Having kept a low profile during the pandemic, investors are now returning to the market with gusto. And that means home prices will continue to be pushed higher….

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Investors in residential property have come out of hibernation and were the driving force behind the record 5.5 per cent increase in housing finance in March.
Having kept a low profile during the pandemic, investors and speculators are now returning to the market with gusto. And that suggests only one thing home prices will continue to be pushed higher.
The colloquial definition of what turns a housing boom to a housing bubble is the increasing participation of investors. Judging by the latest numbers…

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