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 [...]
A review of the REIV median prices for units and apartments in the December quarter shows a number of suburbs recording very healthy levels of demand and increases in sales over the medium term.
In the last five years the median price of a unit in metropolitan Melbourne has increased by 47 per cent, from $300,066 [...]
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