Conditions continue to get tougher for investors.
Access to finance is more difficult and home loan rates for investors are moving higher. It was therefore not surprising that demand for apartments in September, the majority of which are owned by investors in Australia, has declined.
While finance is the biggest challenge, fears over taxation changes and continued warnings about debt levels will lead to a further slowdown.
The growing potential for a change in the federal government leadership will further slow this group of buyers.
