Investors continue to pounce on property markets
Investor lending is growing at its fastest rate in nearly 18 years, as housing finance overall hit a record high of more than $30 billion in March.
Investor lending has been ramping up since hitting a cyclical low in May last year. Photo: Shutterstock (Image source: Shutterstock.com)
Investor lending is growing at its fastest rate in nearly 18 years, as housing finance overall hit a record high of more than $30 billion in March.
Data from the Australian Bureau of Statistics showed investor lending accounted for more than half of the monthly rise in housing loan commitments as it rose to $7.8 billion, an increase of 54.3 per cent compared to March 2020.
Investor lending growth was strongest in New South Wales (8.2 per cent),…
