Investor demand for homes outstrips supply
Nila SweeneyReporter
Fewer property investors are bailing out of the housing markets across the combined capital cities on expectations the imminent interest rate cuts would boost capital gains and lower their holding costs, data from CoreLogic shows.
Eliza Owen, CoreLogic’s head of research, said the broader decline in investor-owned listings reflected the growing expectations of interest rates to be cut within months.
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Nila Sweeney writes on property from our Sydney newsroom. Email Nila at nila.sweeney@afr.com.au
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