Australian landlords take record debt as rental yields fall
Sydney
INVESTORS are pouring into Australian real estate and dominating the market like never before, spurred by low borrowing costs and rising prices. Home loans to landlords now account for more than half of all mortgages, the highest share on record.
The Reserve Bank of Australia (RBA) warned in September that the rise in lending to investors could be "a sign of speculative excess", as the record-low 2.5 per cent cash rate helps drive demand for property.
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