Property economist isn't expecting house buying frenzy

Property economist Tony Alexander. (Image: Supplied)

Wed, 06 Dec 2023

The number of people keen on investing in residential property has declined and property economist Tony Alexander isn’t expecting a rush of investors back into the market under the new government.Talking on the Sharesies Shared Lunch podcast, Alexander pointed to his latest Portfolio Investment Survey and said 8% of investors say they will put more money into residential property.“If we go back to the same time a year ago, that was sitting at a net 16%,” he said.Interest ratesHigh-interest rates are a key factor.Last week, the...

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