Business
House of pain: property pressure builds as investors get back in the game – The Age
It was already tough for first home buyers to break into Melbourne’s smoking hot property market, but now the investors are back.
But in recent weeks, the debate around Australias new property boom has turned from wonder at the markets gravity-defying feats amid a global pandemic to discussion of how sustainable the rapid price rises are and where this is all going to end.
Domain senior research analyst Nicola Powell said ANZs forecast of soaring prices could come true, with market conditions reminiscent of the heady days of 2015, a year when investor activity hit an all-time high.
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