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Australia’s property market has seen a huge drop in investor activity

Press coverage 3 November 2023 Summary of published coverage
Australia’s property market has seen a huge drop in investor activity

PIPA’s October national market update reported that new investor loan commitments had fallen more than 27 per cent since the Reserve Bank began lifting rates in May 2022, while owner occupier commitments rose 2.5 per cent. Chair Nicola McDougall said reduced buying alongside heavy selling would keep vacancy rates at record lows and push rents higher. Contributors also noted resilience in the Melbourne and Brisbane markets.

Reported by

Rhys Tarling, The Property Tribune, 3 November 2023 Australia&#82

PIPA has summarised this coverage for members. Copyright in the original article remains with its publisher.

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