Property investors sell up as interest rate crunch intensifies
Nila SweeneyReporter
The share of newly listed investor-owned residential listings has blown out to 36.3 per cent across Sydney during May, the highest level in two years, amid signs landlords are starting to feel the strain of the recent 12 interest rate rises, data from CoreLogic shows.
Investor listings have now jumped sharply higher than the 10-year average in most capital cities except in Canberra and Hobart.
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