First home buyers battling it out with investors but renters still languishing
With signs investors are returning to the property market in search of strong capital growth and high rents, renters could be excused for thinking relief was imminent but they'd be disappointed.
The value of owner-occupier first home buyer loans is up 20.7 per cent over the past 12 months. (Image source: Shutterstock.com)
Property investors are gradually showing signs of returning to the real estate market in significant numbers but not in the sort of volumes that will redress the lack of rental properties.
The latest Australian Bureau of Statistics lending statistics show the total value of new housing loans to investors rose 1.2 per cent in February 2024 with the value of new investor loans in February an incredible 21.5 per cent higher compared to a year ago.
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