Why $800,000 homes are in hot demand
Nila SweeneyReporter
Demand for homes priced under $800,000 could intensify in the coming months as investors and first-home buyers return into the market in droves and compete for affordable stock, experts say.
Tim Lawless, CoreLogic research director, said the stronger-than-expected house price growth in the past 15 months and expectations of further capital gains were enticing investors back, while the tight rental market prompted more renters to buy.
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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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