Housing finance dips but investor, trade-up loans rise
Trade up buyers are making their presence felt in property markets, according to new housing finance figures, while investors are concentrating their activity on COVID-free states.
Investor lending continued to build pace in September, the ABS said. Photo: Shutterstock (Image source: Shutterstock.com)
Trade up buyers are making their presence felt in property markets, according to new housing finance figures, while investors are concentrating their activity on COVID-free states.
The total value of new loans decreased slightly in September, falling 1.4 per cent from the previous month to $30.31 billion.
Around 30 per cent of those loans went to trade-up buyers, while the value of new loans to first homebuyers fell for the eighth consecutive m…
