Investor activity continues to drive the housing market. But is Australian housing a good investment? Not if the past decade is any indication.
The value of housing loan approvals rose by 1.5 per cent in November, following two consecutive months of 7 per cent growth, to be 35 per cent higher over the year. I discussed housing loans in detail on Monday, but today the Australian Bureau of Statistics released the state breakdown for investor activity (The housing boom is on borrowed time, January 13).