Ensure you never miss an issue of the
real estate business bulletin
Market ‘monopolised by landlords and tenants’

Market ‘monopolised by landlords and tenants’

by Staff Reporter 0 comments

The surge in investor-owned property has been driven by multiple factors that are denying many ordinary Aussies a chance to enter the market when the time is ripe, says one real estate director. 

Coronis Realty managing director Andrew Coronis said everyday Australians and first home buyers are being priced out of the property market due to adverse government policy and growing investor demand.

He said almost half (45 per cent) of all bank loan approvals in October last year were granted to investors, and this trend is predicted to grow in the face of record low interest rates and favourable financial policies geared towards investors.

Mr Coronis said this combination of factors was creating a market monopolised by landlords and renters.

“Home ownership has fallen significantly over the last two decades, with the largest drop of 11 per cent among 35- to 44-year-olds, showing more and more people are resorting to renting,” Mr Coronis said.

“By all accounts, buying a house should be easier than ever before, considering deposits have dropped from 30 per cent to around five per cent and interest rates are at a record low for the 16th month in a row.

“Yet government policies like stamp duty, negative gearing and changes to the First Home Owner Grant have made it even harder for low-income earners and young Australians to get their foot in the door.”



Market ‘monopolised by landlords and tenants’
lawyersweekly logo
promoted content
Recommended by Spike Native Network
Listen to other installment of the Real Estate Business Podcast
reb top 100 agents 2017

The REB Top 100 Agents ranking is the foremost ranking of agents in Australia. It has set the bar for excellence in Australian real estate. To be ranked as an REB Top 100 Agent is the standard real estate professionals strive for. See the full 2018 ranking here!

featured podcast

featured podcast
An industry where the resilient succeeds

Tim Heavyside believes that a strong support team and good foundations are paramount to success in the real estate industry, and with regu...

View all podcasts

Would you consider working for Purplebricks or a similar 'DIY' model?

Yes (7.2%)
No (80.9%)
Perhaps - make me an offer (12%)

Total votes: 209
The voting for this poll has ended on: July 13, 2018
Do you have an industry update?