Strong growth in the property market continues, says Nicholas Don of Odyssey Financial, who puts funding packages together for investors and owner-occupiers alike. He says apartment sales in inner-suburban areas of most capital cities are leading the way, with property benefitting from a move away from the volatile sharemarket, and the recent ability for self-managed super funds to borrow to buy property. Immigration is boosting demand and developers are unable to increase supply quickly enough. The post-GFC dominance of the big four banks as sources of borrowed funds is beginning to recede: second and third-tier lenders are re-entering the lending market.
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