Who are the typical investors in the Australian Property Market?
The Australian residential investment market is dominated by people who have their own home. Typical real estate investors are those who are employed full time and earn a substantial amount of income. The Australian Bureau of Statistics has reported that residential investment represents 35% of all housing finance. Residential investment therefore is an integral part of the mortgage an banking system in Australia. So in what areas do residential investors choose to invest in and why is residential investment such a pursued activity?
Maria Yanotti who is a Lecturer of Economics and Finance at the Tasmanian School of Business and Economics from the University of Tasmania, joined the Daily to discuss more about the issue.