Overseas buyers in Victoria have not experienced many repossessions.
While Victoria is experiencing a repossession each day, the Australian property market remains safe for overseas investors, two experts have suggested.
The Herald Sun has claimed that those people facing difficulties paying their mortgages have tended to be first-time buyers rather than investors from abroad.
Richard Foster, chief executive of the Financial and Consumer Rights Council, has highlighted the fact that those with Australian migration home finance are mostly untouched by this problem.
He said: "The anecdotal evidence is that those people now experiencing problems repaying the mortgage are not holiday home owners or investors."
The news provider claimed that it is people who have previously had to refinance who have had the most difficulties.
Those looking at buying Australian properties should consider Adelaide, an expert has claimed.
Adam Learmonth, director of Anvil Property, recently told Adelaide Now that the city is increasingly being seen as a defensive choice for investors.
Posted by Craig Francis
While Victoria is experiencing a repossession each day, the Australian property market remains safe for overseas investors, two experts have suggested.
The Herald Sun has claimed that those people facing difficulties paying their mortgages have tended to be first-time buyers rather than investors from abroad.
Richard Foster, chief executive of the Financial and Consumer Rights Council, has highlighted the fact that those with Australian migration home finance are mostly untouched by this problem.
He said: "The anecdotal evidence is that those people now experiencing problems repaying the mortgage are not holiday home owners or investors."
The news provider claimed that it is people who have previously had to refinance who have had the most difficulties.
Those looking at buying Australian properties should consider Adelaide, an expert has claimed.
Adam Learmonth, director of Anvil Property, recently told Adelaide Now that the city is increasingly being seen as a defensive choice for investors.
Posted by Craig Francis
