Business
Aussie house prices and first time home buyers under threat amid spike in overseas investment – NEWS.com.au
Aussie house prices and first time home buyers under threat amid spike in overseas investment
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…
-
Noosa News23 hours agoGippsland livestock agent Nathan Gibbon jailed for defrauding exporting companies
-
Noosa News23 hours agoTax office launches probe into case with devastating outcome
-
General23 hours agoCourt quashes Troy Matthew Maskell’s manslaughter conviction and orders retrial
-
Business14 hours agoCharlie Munger’s 3 brutal steps to building wealth