Investment activity pushes housing finance to another new high
Housing finance figures show investors continue to pour into property markets, with loans for investment properties rising to their highest point in six years.
Strong competition from investors is starting to price first homebuyers out of the market. Photo: Nils Versemann / Shutterstock (Image source: Shutterstock.com)
Housing finance figures show investors continue to pour into property markets, with loans for investment properties rising to their highest point in six years.
Data from the Australian Bureau of Statistics showed the value of investor loans rose to $9.1 billion in May, a 13.3 per cent increase on the previous month and 116 per cent higher than at the same time in 2020.
Investor lending hasn't been this high since midway through 2015.
The burst…
