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Wednesday, December 14, 2011

Australian Real Estate Investor Borrowing Falling Faster than Owner-Occupier

Investor borrowing fell 5.5% between October and September while owner-occupied fell 1.2%.

30% of all mortgages are on investor properties.

1.2 million out of 1.7 million investors fail to cover costs with rents.

Property Dreams Strain Australian Market
Compared with live-in homeowners, landlords are more likely to put properties up for sale when things go wrong—a surge in properties for sale could cause disarray in the broader market.
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2 comments:

  1. jesseDecember 14, 2011 at 11:47 AM

    Nothing lower interest rates won't solve!

    ReplyDelete
  2. GGDecember 15, 2011 at 6:52 AM

    Only if the foreign appetite for aussie bonds continues. Which it very well might. Otherwise there goes 30% of mortgage funding.

    ReplyDelete

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