Investment property boom continues, while sellers haul in record profits
Investors continue to pour into the market and sellers are cashing in on record resale prices but the real estate and borrowing picture varies widely from state to state.
Sydney had the highest median nominal gain from property resales at $370,000. (Image source: Shutterstock.com)
Property price growth may be slowing but an investor boom is still unfolding in Australia.
Loans to real estate investors have grown significantly faster than owner-occupier loans in all states except Victoria, which continues to underperform as a market.
Western Australia continues to dominate as Australia’s hotspot for buying activity, leading the nation in annual loan growth for owner-occupiers and investors, according to data released Friday …
