People often say that investors are the marginal price setters in the property market, especially in Sydney and Melbourne. If true, the below story from The AFR will have the property industry concerned, given investors are reportedly set to dump rental properties:
One in three renters face housing stress and are at risk of defaulting their rental payments, while more investors are selling their rental properties before prices drop even further…
The data compiled exclusively for The Australian Financial Review by Digital Finance Analytics also showed the number of stressed Sydney renters has jumped by 16.4 per cent to 447,535 tenants compared to seven weeks ago when the data was last analysed…
