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Michael Mata is a content marketing specialist, editor and writer. He is a former journalist at Your Investment Property Magazine.
Less than a quarter of property investors from New South Wales and Victoria believe now is a good time to buy an investment property in their respective capital cities, according to a new report from property investment consultancy Momentum Wealth.
One in every 10 homes in New South Wales is purchased by foreign buyers, states new figures released under the freedom of information laws. Not surprisingly for those who regularly attend auctions, Chinese nationals account for roughly a third of foreign buyers.
Australian regulators may be forced to impose even heavier restraints on lenders to prevent the property market from becoming the trigger for a disruptive financial crisis, said Michele Bullock, the Reserve Bank’s assistant governor (financial system).