Property investing down
The number of investor home loans has dropped in Victoria in the last twelve months by close to fifty per cent says AFG Mortgage, reflecting the bullish share market, household debt concerns and the glut of unsold inner city apartments. AFG said that investor loans made up just 11.5 per cent of all home loans last month, less than half the national average of 25 per cent and almost fifty per cent down on December 2004.
posted by darwin at 9:01 PM
1 Comments:
It's no wonder that property investment is down, when you consider what the returns are projected to be over the next 10 years. The boom is over for Australia.
6:51 PM
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