Housing finance hits two-year high, investors remain wary
New home lending rose in August, but mostly to owner occupiers, as investors remain spooked by the economic challenges of the COVID-19 pandemic.
New home loan were nearly 20 per cent higher in August than they were at the same time last year. Photo: Shutterstock (Image source: Shutterstock.com)
New home lending rose in August, but mostly to owner occupiers, as investors remain spooked by the economic challenges of the COVID-19 pandemic.
Data from the Australian Bureau of Statistics showed there were $21.3 billion in home loans settled in August, up 19.3 per cent from the year previous and the highest monthly mark since January 2018.
Owner occupiers accounted for $16.3 billion of the new housing commitments, with investors taking up $5…
