Surprise generation dominating property investment, and Australia’s hottest markets
Millennials are driving the investment property market according to new research, while inner suburban Sydney and Melbourne are the areas of choice when it comes to investment properties.
Lending to first home buyers rose by 13.2 per cent in the past year compared to owner-occupiers that saw a 3.4 per cent increase. (Image source: Shutterstock.com)
Backed financially and advised by their parents, Millennials have emerged as the most prominent demographic segment when it comes to property investment.
Analysis released by CommBank on Wednesday (10 April) suggests the typical Australian investment property buyer is aged 43, gets a loan for just over half a million dollars
, has backing from the Bank of Mum and Dad and is buying in central or inner Sydney or Melbourne.Among all property inves…
