It is glaringly apparent that the investor-grade stock that once flooded the market, employed in a stack them high and watch them fly approach is no longer suitable nor respectable.
Banks believe off-shore buyers don’t reflect the local demand that the bank is looking to satisfy in the event that they are required to sell unsold stock in a default scenario.
Areas such as Zetland and Waterloo in Sydney, and the South East Queensland region are showing no signs of slowing down, says iBuyNew CEO, Mark Mendel.
