Investors leaving supercharged property market, first home buyers leaping in
Investors are selling up in record numbers, just as those looking to get a foot on the property ladder are inflating prices at the more affordable end of the market. Tim McKibbin also pays homage to an industry icon.
Sydney first-home buyers targeting hotspot suburbs have greatly increased demand and competition in those areas. (Image source: Monkey Business Images/Shutterstock.com)
First home buyers are back this spring, or so the headlines claim.
With measures like the expansion of the Home Guarantee Scheme, government is receiving plaudits for facilitating what is expected to be the continued resurgence of first home buyers this selling season.
But more buyers of any kind mean more competition and in an environment of constrained supply, like Sydney, the impact on prices is clear. They are rising.
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