Proof that it’s investors driving the heat in the Australian property market
Sydney property prices are on a tear and investors appear to be driving that market.
But the latest housing debt data, released by the RBA this morning, for February, highlights that it is investors all over Australia who are borrowing to invest.
The RBA data showed that the total amount of debt (they call it credit) for Australian housing has hit another new all-time high of $1.440 trillion dollars. Read more: http://www.businessinsider.com.au/chart-proof-that-its-investors-driving-the-heat-in-the-australian-property-market-2015-3