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Property investors looking to switch lenders as costs bite

Press coverage 19 October 2020 Summary of published coverage
Property investors looking to switch lenders as costs bite

Cash flow pressure pushed investors to shop for cheaper finance, with 36 per cent telling the 2020 PIPA survey they would refinance for a saving of half a percentage point and 65 per cent for a full point. Around 16 per cent of tenants sought reduced or paused rent, leaving more than 13 per cent of investors short each month. Only a small minority would approach a bank directly next time.

Reported by

Hannah Page, Australian Property Journal, 19 October 2020

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