Property boom sees investors return to the market, adding to the pain of first-home buyers.
It’s a sunny Saturday morning in suburban Sydney and a nervous group of would-be buyers and onlookers watch as the price of a five bedroom brick house climbs higher and higher.
Key points:
- Investors return to the property market after laying low during the global pandemic
- Banks cut investor rates to attract landlords
- Regulators are not expected to act anytime soon to cool the housing market
Half of the eight registered bidders are investors.
But in the end it’s owner-occupier Simon Isaacs who places…
