Most Investors purchased for far less that the current overinflated valuations.
Even Investors should prefer to be able to purchase 2 Investment Properties,
rather than 1 at Overinflated prices.
An example would be being able to purchase just 1 $1 Million House that rents for $750 a week, Or
2 Houses for $500K each that rent for $500 a week each.
Investors themselves would be better off if prices reduced by 50% or so.
They gained 50%-100% during the pandemic for no actual reason,
And are clearly Overvalued compared to the rest of the World.
They are simply not worth what people paid for them at the top of the Bubble....
Banks should not have Lent on such Overpriced Valuations,
or Lent to people that cannot afford at least a 6.8% Interest Rate.
Rates were too low for too long so,
people borrowed more...
Also some people from Interstate Overpaid in QLD,
With the gains their property in Sydney made in the last year - few years anyway,
and really didn't care what it cost, ( also being mislead by QLD Real Estate Agents)
they just wanted to get away from the crazy lockdowns....
