Investors are finally backing off

  • AFTER years of domination across several metropolitan markets, investors are backing out of residential real estate according to new figures out on Wednesday.

In its latest monthly Housing Finance report, the Australian Bureau of Statistics (ABS) has shown there was a significant 5 per cent dip in investment housing loans. The total value of investor finance now comes to $11.291 billion. At the same time the value of owner-occupier loans came to $20.702 million.



Investors have been blamed for outbidding first-home buyers and pushing prices up artificially but now they are backing out of the property game. Picture: Claudia Baxter

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