pertinent to your question re investors is in the RBA article below...
"Housing credit rose over November due to growth in lending to both owner-occupiers and investors."
As for answering your other questions
why 3/4 price mortages?
Well they wont get back to 9.45 unless we have 12 x .25 rate rises which is highly unlikely.
what new investors?
Please read article below
low unemployemnt? you kidding its still down, the only reason its trended up a tad is from stimulas stimulas stimulas.
Stimulus from what? The $900 u got?
what housing supply issues? theres more house's for sale you can poke a stick at. the supply issue is in rentals!
Even more reason to buy then isnt it?
what tax advantages?
Negative gearing, interest deductions, asset protection through trust setups, self funded super with tax incentives, depeciation, and so on and so on.
what so on and so on?
When looking at an investment with a apsn of just 3 months its hard to justify an invstment in property, so bets to stick to shares.
property is a long term equity and/or money generating vehicle to help fund lovely things for the grandkids in may years to come. if you look at it as a 3 or 6 or 12 month invstment then yes youll probably lose money due mainly to the high entry and exit costs.
Ave LVR is some 68% and not 95% .....still a bit of fat there for us property investors to survive.
And if property drops I guess people like yourself will dive in for the bargains again producing a nice floor for us to continue on our merry way.
Either way im happy.
Financial Aggregates November 2009 Release date: 31 December 2009
Total credit provided to the private sector by financial intermediaries rose by 0.1 per cent over November 2009, following a decline of 0.1 per cent over October. Over the year to November, total credit rose by 0.8 per cent.
Housing credit increased by 0.7 per cent over November, following an increase of 0.8 per cent over October. Over the year to November, housing credit rose by 8.1 per cent. Housing credit rose over November due to growth in lending to both owner-occupiers and investors.
Other personal credit rose by 0.3 per cent over November, following a rise of 0.5 per cent over October. Over the year to November, other personal credit fell by 1.9 per cent.
Business credit declined by 1.0 per cent over November 2009, following a decline of 1.5 per cent over October. Over the year to November, business credit declined by 8.2 per cent.
Over the month of November, M3 fell by 0.1 per cent and broad money was flat. Over the year to November, broad money grew by 4.9 per cent.
All growth rates for the financial aggregates are seasonally adjusted, and adjusted for the effects of breaks in the series as recorded in the footnotes to tables. Figures showing the levels of financial aggregates are not adjusted for series breaks. Historical levels and growth rates for the financial aggregates have been revised owing to the resubmission of data by some financial intermediaries, the re-estimation of seasonal factors and the incorporation of securitisation data.
