Suburbs Where Investors Dominate, Facebook Outraged!!!

House · 28th Jun, 2016

When cross-referencing property records for indicators, including rental advertisements and the owner’s address being different from that of the residence, CoreLogic head of research Tim Lawless said some broad patterns emerged.

First, investors dominated the markets around typically strong rental market areas, such as inner-city locations near hospitals and universities.

This included Sydney’s Ultimo, North Sydney, Kingsford and Enmore, and Melbourne’s Elwood, Brunswick, Hawthorn and across the Hoddle Grid. In Melbourne, the analysis found it was “rare” to find a suburb within 10 kilometres of the CBD where investors made up less than half of apartment owners.

Nationally, mining regions and holiday areas had a large proportion of investor owners. Apartment investors in Queensland were most concentrated around South Brisbane, Deception Bay and Kelvin Grove.
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Parramatta had the highest total apartment vacancies of any suburb over May, Domain Group data found. Randwick, Sydney CBD and Bondi Beach were among the top five suburbs.
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Very interesting how housing still hovers around the 30/70 split
Some not very happy people posting on FB, quite amusing https://m.facebook.com/domain.com.au/posts/10153859820804671
If anyone knows places like Ultimo, Kingsford etc is quite obvious why there's such a concentration of investors.
Although don't believe that 96.5% of Waverton apartments are investor owned.

Full article here
The suburbs where almost every home is an investment property: report

Sonamic · 28th Jun, 2016

As long as they keep it to Facebook I'm ok with that.

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Suburbs Where Investors Dominate, Facebook Outraged!!!

House Well-Known Member Premium Member

Sonamic Well-Known Member

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Suburbs Where Investors Dominate, Facebook Outraged!!!

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