Sydney property prices are on a tear and investors appear to be driving that market.
But the latest housing debt data, released by the RBA this morning, for February, highlights that it is investors all over Australia who are borrowing to invest.
The RBA data showed that the total amount of debt (they call it credit) for Australian housing has hit another new all-time high of $1.440 trillion dollars. Read more: http://www.businessinsider.com.au/chart-proof-that-its-investors-driving-the-heat-in-the-australian-property-market-2015-3
DISCLAIMER: This disclaimer is a requirement of the Securities Industry Legislation Act. The writer of this article is not a practicing lawyer or financier. The information, statements and opinions expressed are intended only as a guide as to some of the important considerations to be taken into account relating to property investment. I strongly suggest that you consult with licensed professionals such as accountants, Lawyers, Valuers, Development Consultants, Quantity Surveyors and others, BEFORE signing any contracts or other binding documents.