Melbourne is expected to overtake Sydney as Australia’s largest city in the next 25 to 30 years, a new report has found. The report, Going Nowhere, prepared by BIS Shrapnel and the Urban Taskforce, said Sydney’s failure to meet metropolitan housing targets and accommodate an increasing population will be its downfall in the future. “Melbourne [...]
Property investment opportunities are exceptional right now because many values are still priced at reactionary downturn levels, according to Australian Unity Investments head of property Martin Hession. He said unlike in the downturn of the late ’80s and early ’90s when property, particularly commercial, was oversupplied, the recent property downturn was due to the banking [...]
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 [...]
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