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Australia’s housing market churns investors

Press coverage 16 July 2024 Summary of published coverage
Australia’s housing market churns investors

Macro Business argued that reports of an investor exodus were overstated, pointing to Australian Bureau of Statistics figures showing $10.67 billion of investor mortgage commitments in May 2024, almost 30 per cent higher than a year earlier. Suburbtrends and PIPA had linked landlord selling to negative cash flow under higher rates, but the writer concluded departing owners were simply being replaced by new ones.

Reported by

Leith van Onselen, Macro Business, 16 July 2024

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