The majority of property investors are remaining upbeat despite COVID-19, with 67% believing now is a good time to invest in residential property, according to a new survey.
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Property Investors Hit Hard by Falling Prices and Tighter Credit
Investors are big players in Australia’s property market, representing about 42 per cent of total mortgage demand. In the days of the property boom, they reigned supreme with their superior purchasing power. They had willing banks and favourable tax laws working for them, increasing property prices and capital gains. However, the banks’ tighter lending policies in the wake of the …