Australia’s housing market sits atop a pile of increasingly vulnerable debt, according to Citi researchers, who on Friday outlined how the glory days for multiple property investors and interest-only borrowers could soon become a nightmare.
Highly leveraged multiple-property investors are at the centre of the report, with 12 per cent of Australian real estate investors said to own six or more properties, according to new data cited by Citi analysts – a “surprisingly high level of speculation”.
“Historically investors ‘sit tight’, but this has become increasingly less viable,” Citi analysts said. Photo: Cathryn Tremain
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