An interesting article with that headline by Toby Johnstone and Gareth Hutchens appeared in today’s Sydney Morning Herald, News Page 3. Extracts include the following:
Having well and truly sidelined first home buyers, property investors are now starting to turn on one another.
With so many investors in the market yields have started falling.
Over the past year the rate of finance approvals has increased by 40%.
With prices up and rents flat, the yields these investors are chasing have started to fall.
By the time we get to 2015, price gains will be slowing or prices may even be falling and investors will start to think twice.