TMM - News
Investors rush to beat LVRs
Wednesday 17th of February 2021
CoreLogic has released its latest Buyer Classification figures for January, which show investors took a bigger slice of the action last month.
Last month, mortgaged investors had a 30% share of property purchases, "reflecting a high number of purchases too, not just a dip by other buyer groups".
Cash investors also grew their market share in January, to 11% of the market.
"When you add the cash and mortgaged figures together, it becomes even clearer the role that investors have played lately," CoreLogic economist Kelvin Davidson said.
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