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Australian property investors squeezing out first-time buyers as record borrowing and rate cuts drive purchases

Pressure on first home buyers heightens as investors target lower-priced homes and more affordable regionsGet our breaking news email, free app or daily news podcastProperty investors borrowed a record sum, nearly $130bn, to buy homes over the year to June, supported by interest rate cuts but squeezing out first-time buyers.Banks made almost 200,000 new loans to landlords over the year, the most since 2022, while the number of new first-home mortgages slipped to 116,000. Continue reading...

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