Property investors are dominating the mortgage market, new data from Australian Finance Group (AFG) has found.
According to AFG’s latest mortgage index, 34.1 per cent of all mortgages arranged nationally in February were for property investors – the highest percentage ever recorded by the company.
The amount of investor mortgages arranged was 25 per cent [...]
I have reproduced part of an article that I received today. It is important to note that we have an influx of migration into Victoria of around 1700 people per week.
We are not producing new properties to cope with this demand and I was informed by a home building company that we were around [...]
The Australian property market continues to defy the odds, posting stellar auction clearance results over the weekend.
According to statistics from RP Data, Melbourne posted an auction clearance rate of 82.7 per cent.
Perhaps more impressive however, was the fact that the city managed to clear more than $1 billion in total sales over the [...]
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