"...PROPERTY investors, who took out a third of all residential mortgages in December, are expected to replace first-home buyers as drivers of growth in 2010, according to leading mortgage broker, Australian Finance Group..."
Referring to the rear-view mirrow news above from our friendly leading mortgage broker (whose objectivity and credibility may lead you to think just perhaps they make profits from selling coffee and cup cakes).
Just 2 discerning points.....
1) (Given in Jan next to nothing happens in real estate) If Feb & Mar 2010 investor purchases (we won't know until April) show a healthy spike displacing diminishing demands elsewhere, I'll quit this forum.
2) There are effectively next no FHBs left. I can't see who can fill the void. So the mortgage broker refers to the backward looking statistic and Walah!....investors to the rescue.
