There are two narratives about investor activity: One that investors are selling up – the other that more investors are entering the market.
More investors are buying property than selling, new analysis suggests, as investors with less debt take the place of those with more.
CoreLogic head of Australian research Eliza Owen said the analysis was intended to make sense of competing narratives about investor activity: on one hand that investors are selling up, and on the other that more investors are buying in. This was in contrast to Victoria, she said: “The listings from investors are about 10 per cent higher than you would usually see in any month. The number of loans is a little bit higher than what we see in the listings data but that’s not as robust as the national figure.”
“There was a big rise in listings, especially for units and it coincided with big price declines, and it was happening in these middle ring suburbs,” he said. “It would be quite a surprise if that wasn’t the story and I think we would be struggling to account for Melbourne’s underperformance.
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