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Fears first home buyers will be priced out of the market as investors return in droves – NEWS.com.au

Fears first home buyers will be priced out of the market as investors return in droves

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There are fears first home buyers could be locked out of the market as property prices continue to surge and investors return to the residential property market in droves.CoreLogic data released on Friday showed that in the three months to April, national home values rose 6.8 per cent — the highest quarterly growth rate since December 1988.
The group now estimates the total value of Australia’s residential real estate has reached a whopping $8.1 trillion.
“The Australian dwelling market has reached…

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