ARE “investors” piling into the housing market, or “speculators”? One thing appears certain: wealthier Australians are buying houses and apartments from each other with increasing velocity, dissatisfied with the paltry returns on their bank deposits and are topping up their buying power with cheap loans. How do we know this? Growth in total housing credit in the economy is still weak but auction clearance rates are matching post-GFC highs and capital city house prices are...
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