Mum and dad investors ‘fleeing’ property, financier says

 

PHOTO: Mum & Dad Property Investors. SOURCE: Solar Investor.

Growing numbers of mum and dad investors are looking to ditch their property investments on the back of tougher landlord conditions, according to the boss of a peer to peer mortgage lender.

Luke Jackson, chief executive of Southern Cross Partners, says small-time landlords are feeling the pressure from bank loan restrictions, changes to the Healthy Homes Guarantee Act 2017 and fears of how methamphetamine contamination could ruin their retirement planning.

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