NAB’s March quarter survey found 15 per cent of purchases were by FHBs intending to live in the property, but another 10 per cent went to FHB “investors”.
Read more here; https://au.pfinance.yahoo.com/our-e.../first-home-buyers-buying-big-despite-prices/
When the most marginal of borrowers enter the market in record numbers, the 'greater fool' becomes increasingly harder to find. FHBs are now speculating on ever-rising house prices like never before. They're also doing it on highly leveraged LVRs and with a record high percentage of interest-only loans. We're fast running out of greater fools.
Greater fools push house prices to final peak
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