Aussie house prices and first time home buyers under threat amid spike in overseas investment – NEWS.com.au

The dream of owning a home could be even further out of reach for young Aussies as investors flood back into the market and property prices skyrocket to eye-watering levels.While first homebuyer activity accelerated during the pandemic, with inquiries on realestate.com.au up 62 per cent on the year prior, this is already starting to drop as investors return and the market heats up in 2021, a report from the REA Group found.
Nerida Conisbee, realestate.com.au chief economist, said investors tend…

Click here to view the original article.