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The latest mortgage data from the ABS showed that after first home buyers (FHBs) experienced an epic boom in 2020, they have since been replaced by investors:
The latest results from Stockland shows a similar trend, with net deposits from FHBs fading, replaced by investor deposits:
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Judging by the data, investors have taken hold of the housing baton.
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About the author
Leith van Onselen is Chief Economist at the MB Fund and MB Super. He is also a co-founder of MacroBusiness.
Leith has previously worked at the Australian Treasury, Victorian Treasury and Goldman Sachs.
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