According to BIS Shrapnel, rising interest rates and weaker first home buyer activity will lead to slower house price growth this year. However they say that house prices will not fall, and rents will continue to rise.
Meanwhile figures from the Bureau of Statistics show that lending to property investors rose 11% in the first four months of the year, as investors shy away from the stock market and look for somewhere to park their money. According to BIS Shrapnel, "real estate looks a safer bet than the stockmarket". If you stick your money into a term deposit, you have to pay tax on the interest.
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