Looks like it's BOOM time in the property market according to the ABC (assuming they are a reputable news outlet). Better get in before you are locked out for ever, as it looks like first home buyers are on the brink of extinction. :PThe Bureau of Statistics housing finance figures for December show investors now account for 39.8 per cent of the value of home loans issued in December.
That is the highest proportion of loans going to investors since October 2003, during the height of Australia's largest recent housing boom
the only way is up. let the good times roll (even without a manufacturing industry).Over 5 trillion, and that is only for residential properties. That is over three times current GDP of our economy.