Investors have been flooding back into Australia's property market, fueled by low interest rates and tight rental supply, sparking fierce competition and hefty profits for sellers.
Investor activity has surged over the past 18 months, reaching its highest share of new lending since 2017, with about one in seven Australians now owning a rental property.
According to REA Group's PropTrack Terri Scheer Investor Report, new investor lending has risen steadily, fueled by tight rental conditions and renewed confidence following the multiple RBA rate cuts.
No direct quotes are available in the text.
Author's summary: Investor activity in Australia's property market hits an 8-year high.