Housing finance shows investors return, construction surge
Investors are returning to Australian property markets, with the number of investor loan commitments rebounding to pre-pandemic levels, while at the same time finance commitments to build new houses continues to surge.
Government stimulus packages continue to prop up the new homes industry, but the impact could be short-lived. Photo: Shutterstock (Image source: Shutterstock.com)
Investors are returning to Australian property markets, with the number of investor loan commitments rebounding to pre-pandemic levels, while at the same time finance commitments to build new houses continues to surge.
Data from the Australian Bureau of Statistics showed investor loan commitments rose by 5 per cent in September, following a 9 per cent rise in August.
Those loans were collectively valued at more than $5 billion - a similar value…
