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Return of investors adds more heat to hot markets

First homebuyers fear getting priced out and owner-occupiers are taking unprecedented steps to ensure they don’t miss out on their dream homes, as the return of investors provides more sparks for Australia’s already-firing housing markets.

Crowded residential auction
Auctions are becoming increasingly exciting as properties sell for well above asking prices. Photo: Ray White Group

First homebuyers fear getting priced out and owner-occupiers are taking unprecedented steps to ensure they don’t miss out on their dream homes, as the return of investors provides more sparks for Australia’s already-firing housing markets.

The latest lending data from the Australian Bureau of Statistics, released at the start of this month, showed the value of investor lending for residential property hit $6.94 billion in February, a 31 per cent…