westpac avoids inner-city apartment, page-24

couldn't agree more with your sentiment.

when it falls (and it has started) the trickle will develop into a raging current.

Remember that we are at 30% of homes being owned by investors. A lot are now multiple owners.

They may not sell completely but soon we will see the domino effect as people rush to lock in profits.

Yields are very ordinary as inflated prices have not matched rents. The volume of houses available to rent because of the influx of investors has meant that rents are at best stable.

The only thing saving the property market at the moment is pressure taken off interest rates.

cheers

debono