extract only, and I do hate fairfax,but the infor comes from ABS You didnt really think investors would sit around and do nothing, twiddle thumbs, and play the ASX roulette games did you ? and for those who say property investors are evil and greedy, WHO YA GUNNA CALL ? your labor govnut has done nothing to allieviate the problem, and have no intentions in the future, 45,000 illegal immigrants have only compounded the problems. The truth is, the imminent arrival of better govnut, has restored confidence to investors. Have a great day ..................... Latest Australian Bureau of Statistics data has confirmed the flight to bricks and mortar by Australian investors that has continued to gather pace over the year so far.
Driven by the lowest interest rates in decades - for both depositors and borrowers - and a volatile and still underperforming stockmarket, investors are tapping into the housing market in record numbers.
They’re also motivated by the sustained revival in house prices in most capital cities.
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Sydney is the epicentre for investor activity, with almost $4 billion in investor finance approved in NSW over May.
This was the highest monthly total ever recorded for residential inventor finance for any state.
The figure also represents 40 per cent of all investor finance loans approved in Australia over May.
Residential investor activity in NSW has risen by a stunning 35 per cent over the first five months of this year compared to the same period a year ago.
Almost 52 per cent of all housing finance in the state is being approved to investors – the highest proportion of any state with the next best Victoria at 44 per cent
