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Investors rebound to pre-pandemic levels but head to the suburbs

Press coverage 4 November 2020 Summary of published coverage
Investors rebound to pre-pandemic levels but head to the suburbs

Investor loan commitments returned to pre-pandemic levels in September at more than $5 billion, lending indicators showed, but agents reported the money was moving away from inner city apartments. Vacancy rates in the capital city cores had climbed sharply, reaching 13.1 per cent in central Melbourne, while demand strengthened in outer suburbs and regional towns. The 2020 PIPA survey found 41 per cent of investors intended to buy interstate, with Brisbane the top pick.

Reported by

Ellen Lutton, Domain, 4 November 2020

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