Record housing finance data sparks affordability fears
Investment lending has risen to its highest point in four years as housing finance overall hit another all-time high, sparking concerns over affordability and a possible housing bubble.
Red hot housing markets across the country are raising affordability fears, but most particularly in Sydney and Melbourne. Photo: Shutterstock (Image source: Shutterstock.com)
Investment lending has risen to its highest point in four years as housing finance overall hit another all-time high, sparking concerns over affordability and a possible housing bubble.
Data from the Australian Bureau of Statistics showed the total value of new home loans hit $28.75 billion in January, a 44 per cent increase on the same time last year.
Owner occupier loans rose to a record of $22.11 billion, while investor loans hit $6.64 bill…
