MacroBusiness economist Leith van Onselen argued the upswing differed from earlier ones because smaller capitals such as Perth and Brisbane were leading rather than Sydney and Melbourne, with the collapse in overseas migration weighing on the two largest cities. Owner occupier loan commitments hit record highs in December 2020 while investor lending stayed subdued. PIPA chair Peter Koulizos expected investors to return over the following months.
Reported by
Gerv Tacadena, Your Investment Property, 1 March 2020
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