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Ray White Carnegie’s Matt Hurlston: Investment activity nears record levels

By Matt Hurlston

The number of investors entering the property market has increased a lot over the past few months and one expert believes it might not be long before something's done to rebalance the situation.

Figures from the Australian Bureau of Statistics (ABS) show in April this year, investment finance commitments were 29.8 per cent higher than in the same month of 2013.

As a result, RP Data research director Tim Lawless believes the banking sector regulators might soon step in because they are "uncomfortable with the level of housing market investment".

Citing data from the ABS, he revealed that total lending for investor mortgage commitments isn't far off the highest levels on record that were seen in 2003, which is when the last price boom occurred.

"Historically, the level of investment activity is well above average levels," Mr Lawless noted.

Matt Hurlston from Ray White Carnegie

If like many people you've got your eye on buying or renting Murrumbeena real estate, you'll need the expertise of someone who knows the local market.

Matt Hurlston of Ray White Carnegie is just that person. With a solid reputation and unrivalled knowledge, he can help you find that perfect property.

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