Month: June 2021

First-home buyers face stiff competition as investors return to the property market

First-home buyers are beginning to be squeezed out of the housing market by investors who are driving stiff competition at auctions, agents report. The change is trickling through on auction floors with more investors registering to bid on properties, sending prices higher. Some are determined to buy bricks and mortar rather than leaving money in.

Priced-out city first-home buyers turn to ‘rentvesting’ in regional markets

Desperate first-home hopefuls locked out of expensive capital cities are renting in the city and investing in more affordable regional property markets. Stunning major-city price growth has caught out many buyers, quickly leaving them behind since the market began to bounce back last year. The recovery has continued this year with the strongest pace of growth.