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 [...]
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 [...]
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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